3015 Grand Ave, Cocount Grove, Merrick Way, FL 12345
Tenants By Entirety
Tenants By Entirety For Rent
Tenants by entirety is ownership in real estate under the fictional assumption that husband and wife are one person for legal purposes. This method conveys ownership to them as one person, with title transferred to the other in entirety if one of them dies. This method can only be used when owners are legally husband and wife.
Advantage
The advantage of this method is that no legal action need take place at the death of one’s spouse. There is no need for a will, and probate or other legal action isn’t necessary. (Read about how to avoid this expense in your estate plan in Skipping Out On Probate Costs.)
Disadvantage
Conveyance of the property must be done together and the property cannot be subdivided. In the case of divorce this type of title automatically converts to a tenancy in common, meaning that one owner can transfer ownership of their respective part of the property to whomever they wish. (Read about the dangers of fraudulent conveyances in Protect Your Personal Assets.)
Price: $18,000 / MONTH
Area: 2300ft
Type: Slider
Bedrooms: 3
Bathrooms: 3
Garages: 2
Status: For Rent
Shop: 10 km
School: 5 minutes
University: 5 km
Airport: 20 km
City center: 10 minutes
Hospital: 2 km
CPT stop: 1 km
Property ID: 1000
Available From: 2000
Year Built: 2010
Exterior Material: Exterior Material
Structure Type: Structure Type
AC: AC
Acres: Acres
Bedroom Features: Bedroom Features
Cross Streets: Cross Streets
Dining Area: Dining Area
Disability Access: Disability Access
Entry Location: Entry Location
Exterior Cnstruction: Exterior Cnstruction
Fireplace Fuel: Fireplace Fuel
Fireplace Location: Fireplace Location
Legal Desc: Legal Desc
Lot Description: Lot Description
Lot Size Source: Lot Size Source
Misc Interior: Misc Interior
Sewer: Sewer
Source Of Sqft: Source Of Sqft
Terms: Terms
View Desc: View Desc
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