Difference between revisions of "Tenancies in New Jersey"
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| − | = | + | ==Overview== |
| − | + | ==Tenancy by the Entirety== | |
| − | == | ||
| − | =Tenancy in Common= | + | :A tenancy by entirety shall be created when: |
| + | a. A husband and wife together take title to an interest in real property or personal property under a written instrument designating both of their names as husband and wife; or | ||
| + | b. A husband and wife become the lessees of real property or personal property under a written instrument containing an option to purchase designating both of their names as husband and wife; or | ||
| + | c. An owner spouse conveys or transfers an interest in real property or personal property to the non-owner spouse and the owner spouse jointly under written instrument designating both of their names as husband and wife. | ||
| + | Language which states “...... and ......, his wife” or “.......... and .........., her husband” shall be deemed to create a tenancy by the entirety. NJSA 46:3-17.2 | ||
| + | |||
| + | ===Creation Language=== | ||
| + | |||
| + | ==Joint Tenancy with Right of Survivorship== | ||
| + | |||
| + | ===Creation Language=== | ||
| + | |||
| + | 46:3-17. Tenancies in common; joint tenancies | ||
| + | |||
| + | From and after February fourth, one thousand eight hundred and twelve, no estate shall be considered and adjudged to be an estate in joint tenancy, except it be expressly set forth in the grant or devise creating such estate that it was or is the intention of the parties to create an estate in joint tenancy and not an estate of tenancy in common, any law, usage, or decision theretofore made, to the contrary notwithstanding. | ||
| + | |||
| + | ==Tenancy in Common== | ||
| + | |||
| + | ==Cross-References== | ||
| + | * [[New Jersey]] | ||
| + | * [[Tenancies]] | ||
Latest revision as of 18:15, 15 July 2018
Contents
Overview
Tenancy by the Entirety
- A tenancy by entirety shall be created when:
a. A husband and wife together take title to an interest in real property or personal property under a written instrument designating both of their names as husband and wife; or b. A husband and wife become the lessees of real property or personal property under a written instrument containing an option to purchase designating both of their names as husband and wife; or c. An owner spouse conveys or transfers an interest in real property or personal property to the non-owner spouse and the owner spouse jointly under written instrument designating both of their names as husband and wife. Language which states “...... and ......, his wife” or “.......... and .........., her husband” shall be deemed to create a tenancy by the entirety. NJSA 46:3-17.2
Creation Language
Joint Tenancy with Right of Survivorship
Creation Language
46:3-17. Tenancies in common; joint tenancies
From and after February fourth, one thousand eight hundred and twelve, no estate shall be considered and adjudged to be an estate in joint tenancy, except it be expressly set forth in the grant or devise creating such estate that it was or is the intention of the parties to create an estate in joint tenancy and not an estate of tenancy in common, any law, usage, or decision theretofore made, to the contrary notwithstanding.
