Definition of "Ownership form"

Clifton James real estate agent
Clifton James, Real Estate Agent Weichert Realtors

Methods of owning real estate. Ownership form has important consequences for income tax, estate tax, corporate income tax, and survivorship. Real estate may be owned by one or more persons. Methods of ownership include tenancy in common, joint tenancy, a tenancy by the entirety, tenancy in severalty, partnership, limited partnership, and corporation.

 

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