Written by:
Image
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades.

Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers. While there, Paul authored and edited thousands of financial research briefs, was published on Nasdaq. com, Yahoo Finance, and dozens of other prominent media outlets, and appeared as a guest expert at prominent radio shows and i...

View all posts
Updated November 11, 2020

What is Joint Owned Property?

Joint owned property is a real estate asset with two or more owners.

How Does Joint Owned Property Work?

Given the general magnitude of its cost, real estate is often owned in the name of at least two individuals. The most common example of joint owned property is a residence owned in the name of two spouses. Another example is commercial real estate owned by two or more investors.

Why Does Joint Owned Property Matter?

The owners of a joint owned property assume equal responsibility in connection with any tax or mortgage obligations on the property. Moreover, in the event that one owner dies, ownership of the property automatically transfers to the surviving owners and is not counted as part of the deceased owner's estate.

Ask an Expert about Joint Owned Property
At InvestingAnswers, all of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Joint Owned Property.
Be the first to ask a question

If you have a question about Joint Owned Property, then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers.

If you have a question about Joint Owned Property, then please ask Paul.

Ask a question Read more from Paul

Read this next

Paul Tracy - profile
Ask an Expert about Joint Owned Property

By submitting this form you agree with our Privacy Policy

Share
close
Don't Know a Financial Term?
Search our library of 4,000+ terms