Taking Title 

"Title", "Holding Title", and "Taking Title" are terms that refer to the rights of ownership and possession of a particular property.  Listed below are definitions of terms commonly used in association with title. 

DISCLAIMER:  The following is for informational purposes only and should not be construed as legal advice or recommendation. Capital Title recommends purchasers consult a legal professional.

Joint Tenancy

An undivided interest in property, taken by two or more joint tenants. The interests must be equal, accruing under the same conveyance, and beginning at the same time. Upon the death of a joint tenant, the interest passes to the surviving joint tenants, rather than to the heirs of the deceased.  

Tenancy by the Entirety
Ownership by married persons where each owns the entire estate, with the survivor taking the whole upon the other's death.

Tenancy In Common 
An estate or interest in land held by two or more persons, each having equal rights of possession and enjoyment, but without any right of succession by survivorship between the owners.

Title
As generally used, the rights of ownership and possession of particular property. In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.