4 Common Ways to Hold Title
Vesting refers to the legal ownership of a property. It determines who has the right to possess and use the property ands who has the legal authority to sell or transfer it. Community Property vs. Community Property *with Right of Survivorship* vs. Joint Tenancy vs. Tenancy in Common. It's a lot, but we've got the perfect at-a-glance matrix covering the most common types of vesting and areas like possession and control, transferability, creation, and division.
These are the most common ways to hold title.
Vesting can be held in different ways, such as sole ownership, joint tenancy, or tenancy in common. It is important to understand the vesting of a home title when purchasing or transferring property.