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Thread: Survivorship deed question, Ohio

  1. #1
    Junior Member
    Join Date
    Sep 2006
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    Default Survivorship deed question, Ohio

    My understanding of a survivorship deed between two individuals is that both have equal right to ownership. Are there any circumstances that would allow one, without the consent of the other, sell the property?

  2. #2

    Default

    You are referring to holding title as joint tenants. Each joint tenant owns an equal undivided interest in the subject property. If one joint tenant dies then the surviving joint tenants take ownership of the deceased joint tenants interest notwithstanding any bequests in the deceased's Will.

    Having said that, you cannot sell the property without the other joint tenants consent. The other joint tenant can either buy out your interest or if the matter cannot be resolved, you can apply to court for an order of partition and sale. (not really a good idea)

    Try and reach a compromise before you get to that stage.

    Steve @ www.buyingahouseandsavingmoney.com

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