September 18, 2018
Vesting will show exactly who owns the property, and how they took title. For example, you could own the property as an individual, as a corporation, an LLC, a married couple, two or more individuals, etc.
If you and another individual own a property, it's important to know if you are on title as "tenants in common" or "joint tenants". Tenants in common means that if one party passes away, the other person does not automatically own the property. The deceased's interest in the property is transferred to their rightful heirs.