Whether you are buying a house with your spouse, a friend, a business partner, or a family member, co-ownership situations require the property owners to decide how they are going to take title.
A form of holding title in which owners each own a specific portion of the property. When an owner passes away, their heir would step into the same percentage that they owned.
Each owner owns half of the property, with an equal right to use the whole property. On the occasion of the death of one person, the whole property passes to the other.
