Anton Mans
Being a co-owner of a single property may mean having responsibilities, too. But the good thing about it is that, they are not enforced. A co-owner can do whatever he wants with his part of the property or even do nothing at all, but still receive his share of the profits that it can make. If you want to know more about Cebu real estate, please visit PhilCebu Properties.
Articles by this Author
Significance of Tenants in Common in Real Estate
- By Anton Mans
- Published 02/28/2010
- Buying
- Unrated
Tenants in common is a way of owning property by two or more people. They share a single property without any distinction on who owns a specific part of it. When one of the owners of the property dies, his shares will go to his estate, then to his beneficiaries. Tenants in common can also be terminated if any of the co-owners want to.
