What is the main difference? As a joint tenant, there is an automatic right of survivorship. If one of the owners dies, the interest of the deceased owner is automatically transferred to the surviving owner. For instance, if Owner A and Owner B own a property as joint tenants and Owner A dies, then Owner B will automatically become the sole owner of the property. This is a common type of ownership between spouses. Tenants in common on the other hand, have no rights of survivorship, unless the deceased individual’s will specifies otherwise. They may hold unequal interests in the property. For example, owner ARead More →

Whether you are a joint tenant or tenant in common of a property with a friend, family member or business partner, you may be forced to sell your property… The Partition Act allows any person who has an interest in land situated in Ontario to bring an action or application to the court to have that land partitioned or sold under the court’s direction. Section 2 of the Act states that: “All joint tenants, tenants in common, and coparceners, all doweresses, and parties entitled to dower, tenants by the curtesy, mortgagees or other creditors having liens on, and all parties interested in, to or out of, any landRead More →