Full Video Transcript
Ownership or title to real property can be held in a number of ways, including joint tenancy, community property, or tenancy in common. Each of these has advantages and disadvantages. If you own real property, you should know how your title to property is held. You can determine this by looking at the deed. It will specify how the property is held. Often, titles are placed on deeds on the advice of a realtor or without much thought. However, careful consideration should be given to the options, since there are different legal rights and obligations attached to the way the title is held. Title to real property can easily be changed by executing a new deed prepared by an attorney. It's important that new deeds be made out properly in order to avoid clouding the title to the property. For more information, contact a real estate attorney today.