Tag: joint tenancy

Can property be reassessed when a joint tenancy vesting is severed and title is held as a tenancy in common?

A mother and son held title to real estate as joint tenants. When the mother died, the son became the sole owner. The son created a joint tenancy in the property with a sibling. Later, the sibling severed the joint tenancy vesting by deeding the real estate to themselves as a tenant in common with the first sibling. The county tax assessor determined a change in ownership occurred and sent the sibling a tax bill.

Read More
Loading

Education

Resources

RPI Forms
FARM letters
Market Charts
Property Management Resources

Weekly Poll

Has demand for condo units in high-density multifamily projects dropped in 2022?

View Results

From: The pandemic response is over, and urban housing is back

Check out our previous poll here.

Newsletter Sign-up

Get real estate news straight to your email.




Suggest an article

Do you have a topic you would like the first tuesday editorial team to investigate? Let us know!

Crossword

Real Estate Crossword

Get to know us

About firsttuedsay

Products & Services

Proudly serving California licensees for over 40 years

firsttuesday

Most Popular Real Estate School in California firsttuesday ranked most popular real estate school in California by Redfin