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What is the Difference Between Joint Tenants and Tenants in Common?

When you are purchasing a property with someone else, you need to decide what type of ownership will be best for you. Two of the most common types of joint ownership are joint tenants and tenants in common. Each type of ownership has its own benefits and drawbacks, so it is important to understand the difference between them before making a decision. This guide will outline the key differences between joint tenants and tenants in common, so you can make an informed decision about which type of ownership is right for you.