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answered on Jul 14, 2015
Generally speaking, tenants in common is when more than one person owns a share in real estate. It doesn't necessarily have anything to do with "tenants" in the sense of a tenant leasing from a landlord. If you're thinking of making decisions on how to own property rather than... View More 
answered on Jul 13, 2012
Typically the lender requires all people on loan to be jointly and severally liable which means that the survivor(s) is responsible for the whole loan altho both the survivor(s) and the lender may have a claim against the estate of the dead borrower.
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