Real Estate Title Information

Please consult your real estate attorney with any questions about taking title. If you would like additional real estate title information for the Richmond area, contact Joyner Fine Properties today.

Tenants in Common

Ownership by two or more persons who hold undivided interests, not necessarily equal, without any right of survivorship. The interests of each may be conveyed, mortgaged, devised by will, or passed to heirs if no will is left, and is subject to judgments at law or in equity.

Joint Tenants

Joint tenancy exists when two or more persons obtain an interest in property by one instrument. In joint tenancy, a deceased party's interest in the property goes to the surviving owner or owners, and not to the deceased person's heirs or next of kin. Each interest may be conveyed to a third party, and such conveyance would sever the right of survivorship, creating a tenancy in common. Each interest is subject to judgments.

Tenants by the Entireties

This is a joint tenancy between husband and wife. Ownership to the whole property is taken by the survivor and is not subject to partition or to a judgment against either individual co-tenant.

Fee Simple

Ownership can be by one person, regardless of marital status, such interest is subject to the existing laws of the Commonwealth. Currently, there are no dower or courtesy rights.