Can a Joint Tenant Transfer Their Interest?

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“You may structure real estate ownership with others as Tenants-In-Common (TIC) or joint tenancy. Due to the similarity in names, small groups purchasing real estate often use these ownership structures, which are often confused with one another. Let’s briefly explore the differences and similarities between these two ownership models. And also know about how can a Joint Tenant Transfer Their Interest.”

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Can a Joint Tenant Transfer Their Interest?

About Joint Tenancy

Joint tenancy refers to property owners with another individual, such as a spouse, a relative, or a business partner. In most cases, it allows for the easy passing of property upon the death of a joint tenant and can be a convenient method of ownership.

However, it does not necessarily mean that court proceedings will not be required when one joint tenant dies. In addition, if the joint tenant dies, the property previously owned in joint tenancy is now the deceased’s property. Because no one knows when an individual will pass away, joint tenancy cannot replace a will.


How Joint Tenancy Works?

Can a joint tenant transfer their interest in California? A joint tenancy is a form of property ownership typically associated with real estate. A legally binding agreement exists between two or more parties by a deed. These parties may be family members, friends, or business associates.

Let’s say an unmarried couple purchases a house and opts for joint tenancy at the time of purchase. According to the deed, the two owners are joint tenants.

Furthermore, both parties have a claim to the property and share the benefits. If they decide to rent or sell the property, both parties receive 50% of the profits. As a result of the relationship, both parties are equally responsible for paying the mortgage, property taxes, and property maintenance. If one party does not fulfill its financial obligations, the other must.


Advantages of Joint Tenancy


Joint Tenancy and Equal Responsibility

If a married couple or business partners have an asset named joint tenancy and the right to survivorship, then each person is accountable for the asset. They all benefit from the advantages and share the burdens equally. Also, only one can owe obligations on the asset if they commit debt to themselves.

If a couple is contemplating divorce, the divorced spouse can’t get a loan on the couple’s house. They also can’t transfer the loan to the other spouse. When one spouse decides to take out a loan, they’re both equally accountable for the repayment. In the same way, a spouse awaiting divorce can not lease a part of the property without sharing the profits in the same manner as their partner.


Continuity of Joint Tenancy

In the event of a death, assets are typically stored until the probate court decides on essential questions. The court will determine whether they have secured those assets. They then choose how to transfer the remainder of the assets to heirs. This can pose a problem for a survivor spouse with outstanding debts or significant fixed costs.

If you own an asset as a joint tenant, the spouse who is surviving or a business partner can make use of this property however they choose in the manner they choose. The joint tenant can keep it in trust, let it go to auction, lend it to others, or mortgage it. 

In reality, the law says that when a tenant dies, the other tenant takes ownership. Joint tenancy is especially useful in passing onto a family-owned business without disruption, especially when the intended beneficiaries are co-owners.



The price of a house does not end at the cost of the purchase. Maintenance, insurance, taxes, utilities, and HOA costs add together, and the presence of joint owners who share the costs can drastically ease your financial burden. 

Additionally, instead of having to shoulder the total cost of home ownership, joint tenancy allows you to cut that price by half or even higher. This significantly boosts the value of your home and lets you purchase more homes with less expense.



Joint Tenancy allows you to take on the more difficult tasks of maintaining and owning your home with your co-owners. Every co-tenant is accountable for keeping the property. Therefore, if you’ve thought of having two of you, one of you could visit your plumber when the other is working jointly tenancy for the property, which could be a good option for you. 

Plus, if we use the house regularly and have a regular maintenance schedule, it can prevent issues caused by neglect. It is more likely that someone will be aware that a leak, crack, or fallen branch requires attention.


Easier legal process

Co-tenants who survive don’t need to go through probate, the long-winded legal process that the court system uses to validate wills, because of their right to survivorship. Whether the deceased has a will or not, the co-tenants who survived co-tenant(s) are granted immediate access to their portion of the property and do not have to undergo probate.



Joint tenancy also offers an unbeatable vacation experience. Instead of fumbling around for available dates in the rental with good reviews or packing yourself and your luggage into a shabby accommodation, joint tenancy with the second house allows you to take short-term trips and light packing.


Transfers between joint tenants

Can joint tenancy be transferred? A property transfer to one party subject to a charge is standard in such transactions. The Registry doesn’t require the charge owner’s consent since the transfer is automatically subject to the amount. Adding the lending institution to the transaction may benefit a party in many instances.


Share Joint Tenancy on a Property

Can you sell your interest in a joint tenancy? As a joint tenant, you can own a home with two or more people. Each party shares the same ownership interest. There are survivorship rights in joint tenancy: If one owner dies, the share automatically goes to the surviving owner.


Share Joint Tenancy on a Property.


To terminate the joint tenancy, the tenant must transfer his claim to the other. A joint tenant can also sell or gift his share to another.

  • The simplest way to prepare a quitclaim deed is to obtain a blank copy. You may find a blank form at your local stationery store, or you may be able to get it through the local law library.
  • Fill out the parcel number and legal description based on the existing deed. If the act is unavailable, search the public records for the information.
  • Indicate the amount one owner pays the other if one buys out the other.
  • Grantors are the people to whom ownership passes, and grantees receive the privilege.
  • In the case of joint ownership property, list 100 percent of the interest you are transferring to the other owner. To establish joint tenancy, you should assign half of the claim to the other party if you own the entire home and want to share it.
  • The grantor is responsible for bringing identification to a notary public for signing the quitclaim deed.
  • The county assessor’s website has the form you can download, print, or pick up in person.


About the transaction.

When a transfer occurs, the grantee fills out the form and answers questions about the transaction. Using the information collected in the report, the county tax assessor decides if a reassessment is needed.

  • The county recorder’s office requires you to file the deed and the preliminary ownership report together. Counties charge different recording fees.

Each additional page costs $3. Additional filing fees apply if you do not submit the preliminary ownership report with the deed.


The owners in a joint tenancy are equal partners.

The owners in a joint tenancy are equal partners and have the right of survivorship. The surviving owners will equally split the percentage of a deceased partner in a joint tenancy when there are more than two owners.

Each owner owns an equal share of the property and is responsible for paying the mortgage (if any) and other obligations. In addition, each owner receives a standard percentage of the property’s income.

If a married couple dissolves their marriage, joint tenancy complicates the distribution of property when one spouse dies.


Is a Joint Tenancy a Sufficient Substitute for a Will?

No! By executing a will, a person can assure that their assets will be passed on as planned. A will applies to all the maker’s holdings if written correctly and directed. They are assets the maker has not previously given. Nearly everyone should have a will, even though they may have planned property transfer through other means.

A joint tenancy is not the only way to transfer property. It applies only to the property listed in the common tenancy document. Also, if a joint tenant survives, they keep the property. But, there are no clauses to dispose of it when a tenant dies. Also, the survivor, who is the envisioned joint tenant, could die first. This would contradict both parties’ intentions. A properly drafted will solve these issues and many more problems that arise in life.

A joint tenancy represents transferring a genuine ownership interest to the land. The joint tenant must cooperate to revoke it, except for joint bank accounts. Agreeing to share a joint tenancy with a person different from your spouse could result in a gift becoming tax-deductible.

You can revoke a will and make amendments as the circumstances change. It is the basis of a comprehensive estate plan.


Frequently Asked Questions


Joint Tenancy with Right of Survivance: What Does It Mean?

It is an ownership form where each owner has equal rights to a property. An owner’s share of the estate. Instead, it passes to the other joint tenant.


What is the process for creating a joint tenancy?

The prospective tenants must declare their joint tenancy on the title document or deed of the property they are sharing to create a joint tenancy with survivorship. In addition to listing their names on the title, they would state they jointly own the property with the right of survivorship. The tenants must have equal shares and rights to the property to establish a joint tenancy.


Can a joint tenant sell their interest/Can a joint tenancy with right of survivorship sell his share?

Can joint tenants sell their interest? Yes, a joint tenant may sell their share of the property. This process is more complicated than selling an individual property. This complicated process demands careful consideration and adherence to the laws.

 It is important to remember that each person owns a share of the property. It is not a particular portion. When a joint tenant decides to sell his interest, he sells the entire property. It is not just about a certain area or space.

All joint tenants must agree and approve the sale before it happens. The property cannot be sold if even one of the joint tenants refuses to sell. Each individual has an equal say on major decisions relating to the property.


If you want to sever a joint tenancy with the right of survivorship, how do you do it?

When severing a joint tenancy unilaterally, you don’t have to get permission from the other tenants. This usually occurs by selling your interest in a property to someone else, who becomes a joint tenant.

In some states, however, joint tenants can transfer their interest to themselves, creating a joint tenancy. Each state has its laws, so you should research before changing.


How to sever joint tenancy in California?

Severing joint tenancy California law allows the joint tenant to terminate the joint tenancy so that their interest will be passed under the law’s probate. This means their partial interest in the real estate will go to their heirs, such as their spouse or children. When a joint tenant dies in California, their interest in California real property is transferred to their remaining co-owners. Their interest is lost unless the tenancy is terminated.


The Bottom Line

In joint tenancy, two or more people share equal ownership interests in real estate or other forms of property without probate. When one tenant dies, their estate does not need to go through probate. Instead of probating a deceased tenant’s estate, the remaining joint tenants inherit the deceased tenant’s share.

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