Benowa Alan McGillivray real estate
Real estate which covers the surfers paradise, Benowa and surrounding areas. We give free house, home and unit appraisal and valuation. We have rental list and conduct free rental appraisals and valuations.
REAL ESTATE GLOSSARY
Provided by the Real Estate Institute of Australia
Glossary
J
JOINT TENANTS and TENANTS IN COMMON – Property, whether real or person, may be owned under joint tenancy or tenancy in common. Joint tenancy is ownership in equal undivided shares, state to have the technical requisites of unity of possession, interest, title and time. The most important feature of joint tenancy is known as survivorship; on the death of one joint tenant, that person’s share passes to the survivors so that they remain joint tenants of the whole. Joint tenants are regarded collectively as a single person in respect of their dealings with others. In the case of tenancy in common, although each has an undivided share, such share is distinct and separate. The interests need not be equal; thus ‘A’ may have one undivided third share, and ‘B’ two undivided third shares of the same property. The most important feature is that the share of a tenant-in-common may be separately disposed of during a person’s lifetime, or by will. On death it passes, not to the other tenants-in-common, but by will, or by the laws of intestacy.
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Alan Mcgillivray real estate covers the Surfers paradise real estate. We offer real estate service, real estate appraisal, rental real estate, real estate listing, real estate for sale, real estate appraiser, local real estate, real estate valuation, rentals, rental lists, valuation, appraisal, home valuation, house valuation, home appraisal, house appraisal, property for sale. Free rental appraisals and valuations.
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