Joint Tenancy & Tenancy in Common: What's the Difference? Animated Real Estate Exam Concepts

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  • Опубликовано: 25 окт 2024

Комментарии • 100

  • @katherinebriggs6586
    @katherinebriggs6586 3 года назад +35

    I literally listen to Prep Agent now instead of music. These short sweet straight to the point videos help understand the concepts so much better. Thank you!

    • @Lilyrivera_01
      @Lilyrivera_01 2 года назад

      I agree with you!

    • @creativechannel9850
      @creativechannel9850 Год назад

      He speaks real fast and combines his words, so I find it difficult to understand him in a relaxed and efficient learning way. I have to really concentrate to understand the exact words he is saying, and listen. I don’t know if it’s his accent or something else. The pictures help but I’m not always near my phone or computer.

  • @teamtitus5068
    @teamtitus5068 4 года назад +33

    I passed my Texas exam yesterday! Wrote TTIP and other acronyms down as soon as they handed me the scratch paper. Thank you so much for your help!

    • @TXstrong1
      @TXstrong1 3 года назад +2

      Congratulations! 🎊 That’s a good idea. I’m going to have to use that. Thanks for sharing.

  • @vtabb27
    @vtabb27 4 года назад +17

    I’ve been trying to get this for weeks! Super helpful!

  • @Asiadoll1997
    @Asiadoll1997 Год назад +2

    OMG I used to get these missed up. This video helped me so much. Able to visually see and understand how they work.

  • @lucysnowe31
    @lucysnowe31 9 месяцев назад

    OMG. Thanks so much! SO much easier to grasp than reading my courses online. I read them, make notes of what I really didn't get, and come looking for it here!

  • @tscott8586
    @tscott8586 4 года назад +2

    I was sitting here so lost and the you explained it and omg i can relax again cause I understand now! Thank u!!!

  • @NaturallyRaina
    @NaturallyRaina 4 года назад +11

    Just passed my AL exam about an hour ago on the first try! Thanks so much Joe!!!!

    • @PrepAgent
      @PrepAgent  4 года назад

      CONGRATS!

    • @elcesar999
      @elcesar999 4 года назад

      Raina congratulations I wish you the best. I haven't pass my class exam yet. But once I do I will go k. Forward with this exam

  • @SimplyKateLV
    @SimplyKateLV 3 года назад +2

    These videos are absolutely amazing, One million thank you’s

  • @ElegantlyPrecious
    @ElegantlyPrecious 2 года назад +1

    This is gold! The best and most concise explanation of this that I’ve seen! Thank you!! 🙌🙌🙌❤️

  • @christiangrijalva7954
    @christiangrijalva7954 3 года назад

    This content is an absolute life saver

  • @tommy-qe3rb
    @tommy-qe3rb Год назад

    This was very helpful for a law student!

  • @justreese2020
    @justreese2020 3 года назад +2

    I love your Channel!!! This is getting me through all my units

  • @holly-rebeccalandan9238
    @holly-rebeccalandan9238 2 года назад

    Omg thank you thank you this was SUPER HELPFUL! Thank you!

  • @hebasaleh1549
    @hebasaleh1549 2 года назад

    Omg you make it easy .. thank you

  • @kkjoone4136
    @kkjoone4136 Год назад

    Bro this vid is gold thank you so much

  • @alexaldermanrealestate769
    @alexaldermanrealestate769 2 года назад

    Great Video. Will be uploading something about tenancy tomorrow in my channel. this is a big help to me

  • @TXstrong1
    @TXstrong1 3 года назад +1

    Thanks Joe! This was super helpful. I’ve been scratching my head trying to gain a better understanding by just reading to exam prep book, but most of this was missing. Great help, thanks!

  • @correquityholdings6889
    @correquityholdings6889 Год назад

    great stuff simple and to the point

  • @katorathomas87
    @katorathomas87 Год назад

    Thank you for explaining this!! Your videos are very helpful!

  • @sharpercapitalpartners
    @sharpercapitalpartners 2 года назад

    This video is extremely well done. Thank you!

  • @mazivogler9927
    @mazivogler9927 4 года назад +1

    What a great video. Thank you Joe.

  • @TC-sl3wz
    @TC-sl3wz 2 года назад

    This is an awesome example👍😀

  • @DCI74
    @DCI74 4 года назад +39

    This is by far the most confusing part for me. I’ve watched this video multiple times and still can’t come up with a simple way to quickly determine the difference between TIC and JT.

    • @ProfessionalDad
      @ProfessionalDad 4 года назад +1

      Wish they came up with another memory trick of association for this one too

    • @gocpng4699
      @gocpng4699 3 года назад +1

      Think Time Percentages And Defaults

    • @afettig
      @afettig 3 года назад +3

      @@gocpng4699 i need a real life situation .. i CANNOT remember or comprehend this at all

    • @25marshalyn
      @25marshalyn 3 года назад +14

      Use percentages. JT - 50/50% ( Equal Shares) TIC - 70/30 (Unequal Shares)

    • @ingadaribazar970
      @ingadaribazar970 3 года назад +1

      Same here 😔

  • @jacobmarabelli6071
    @jacobmarabelli6071 4 года назад +2

    Thank you so much. This cleared things up for me.

  • @chrisvera5239
    @chrisvera5239 4 года назад +5

    Question! In minute 2:15 - If Joe moved to Panama, Stephen is a tenant in common but what about Arthur and Adrian? What are they considered? Joint tenants still or now they're all tenants in common?

    • @tuantq06
      @tuantq06 4 года назад +1

      Tenants in common, as he said in the video, Stephen DID NOT enter the ownership as a Join Tenants. Stephen DID enter as a Tenants in common. That makes the other two (Arthur & Adrian) become Tenants in common.

    • @realjeetpatel
      @realjeetpatel 3 года назад

      This will fall back to the TTIP condition. 'Time' factor will turn Arthur and Adrian in Tenant in common.

  • @DudeBro571
    @DudeBro571 2 года назад

    Joe, thank you for all the good work.

  • @melissalawall4615
    @melissalawall4615 2 года назад

    Thanks Joe!

  • @whatcanihavethen
    @whatcanihavethen Год назад

    Perfect video!!

  • @giancarlog8653
    @giancarlog8653 Год назад

    I'm so glad I learned about Pythagorean Theorem instead of this in high school. I mean, sure, I'm 40 years old and in the process of buying our first home. I have no idea what any of this means, but I can confidently tell you, without equivocation, that a2 + b2 = c2.

  • @laladickinson3705
    @laladickinson3705 Год назад

    Thank you for this explanation because the Georgia real estate exam books explains this in such a complicated way. Why can’t they simplify these things.

  • @SuperMillie1969
    @SuperMillie1969 Год назад

    Thank you Joe,this video helped me understand the comparison better.❤️🙏🏻😇🇺🇸

  • @LM53180
    @LM53180 3 года назад

    Awesome explanation!

  • @tangho
    @tangho 3 года назад

    this was so helpful one of there topics I had trouble with!

  • @jessiejames5134
    @jessiejames5134 8 месяцев назад

    Joe thank you man really I’ve been over looking survivorship and division in tenancy with common as well as which can leave for heirs in death and testate. Your awesome!! Hope to speak with u one day . I have many questions on your website / business and what you offer?

  • @Elitetravelr
    @Elitetravelr 3 года назад

    So clear thanks !

  • @callieferraro3672
    @callieferraro3672 3 года назад

    Thank you!

  • @dionmacbeth731
    @dionmacbeth731 4 года назад

    Thank you. Studying for Property Law.

  • @hannaraza_
    @hannaraza_ 3 года назад

    Thank you !!

  • @mrzkayt
    @mrzkayt 3 года назад

    So helpful!

  • @ibb51
    @ibb51 4 года назад

    such an incredible video

  • @ricardodeleon6312
    @ricardodeleon6312 3 года назад

    Thanks! Big help

  • @sujinkim727
    @sujinkim727 3 года назад

    Very helpful 💯

  • @tiffanykristen4850
    @tiffanykristen4850 3 года назад

    This may be a silly question but which public institution keeps a record of deeds and titles? The County Registrar? Does it depend on the state?

  • @elcesar999
    @elcesar999 4 года назад

    Thanks. Good explanation

  • @jeronimovargas9123
    @jeronimovargas9123 Год назад

    where in the contract does it says what type of tenancy you have? or is it in the title commitment?

  • @justinhalbertsd
    @justinhalbertsd 3 года назад

    Do you have a video on tenancy by the entirety?

  • @owlseyeswatchesu
    @owlseyeswatchesu 3 года назад

    like your video...I think the video is perfect...my brain is just a lot slower to piece it together...lol...the pictures help a bit.

  • @Michael-eh2dq
    @Michael-eh2dq 3 года назад

    Very helpful

  • @realjeetpatel
    @realjeetpatel 3 года назад

    What if there is no will in Tenancy in common? How is the remaining portion of the property distributed?

  • @DianaMartinez-wh6jf
    @DianaMartinez-wh6jf 4 года назад

    omggg thank you for this i could not figure out the book

  • @ktmdays
    @ktmdays Год назад

    Can a joint tenant sell or will there part to someone else without concent of the others

  • @tiffanykristen4850
    @tiffanykristen4850 3 года назад

    Is a co-op an example of tenant in common with a corporation?

  • @sahirajirjees6466
    @sahirajirjees6466 4 года назад

    Thank you joe!

  • @conniehuo8823
    @conniehuo8823 4 года назад

    Hi Joe. I have a question. If seller asks the agent he or she would only accept cash offer, is the agent still legally required to present all offers or cash offer only? Thank you.

  • @gabber3766
    @gabber3766 3 года назад

    And how are we to remember that for the test?

  • @PartyCrewCoolPAD
    @PartyCrewCoolPAD Год назад

    Greetings and Salutations 😊

  • @gocpng4699
    @gocpng4699 3 года назад

    Still A Classic A Good One With Clear Ecplanations Thanks.

  • @RafaelRaquel
    @RafaelRaquel 4 года назад

    Hello, I have a question:
    In the example in minute 3:45 “Tenants in Common” What happens if one person dies without a will, and has no family? Will her part be divided equally to the other two owners?

  • @atena23
    @atena23 3 года назад +4

    Here's how I think of it... TENANTS in COMMON (they have a lot in common and are good friends/Family) so they hang out with all the same people and therefore are cool with having their share WILL bc it will go to the same group of friends/familythey are all cool with... they are cool with each having different amounts of shares, at different times and trust each other enough to get it from separate conveyances... THEY ARE BUDDIES AND HAVE 100% TRUST.
    JOINT TENDENCY : they are a bunch of stoners who are acquaintances that smoke a joint together...
    They got to buy the joint at the same time, smoke at the same time (ownership), and if one dies the rest of them get the rest of the joint but won't give it to someone outside the group cause they paid for that shit...
    Is my brain strange or does that make it stick easier?

  • @meii8569
    @meii8569 4 года назад

    Subscribed

  • @itsreginatv
    @itsreginatv Год назад

    So is Author & Adrian still joint tenants or are all 3 just tenants in common? 🥺😳😓

  • @user-cg7jp7jt4v
    @user-cg7jp7jt4v Год назад

    So joint tenancy cannot have heirs?

  • @pdubstuff
    @pdubstuff 3 года назад +1

    I am in a joint tenancy with my sister and Brother in law. They want me to be the sole owner, how do we achieve that. They did that to help me purchase the home.

    • @rkml59
      @rkml59 2 года назад +1

      Buy them out.

    • @pdubstuff
      @pdubstuff 2 года назад

      @@rkml59 thanks

    • @rkml59
      @rkml59 2 года назад +1

      They might also quit claim it to you if the property is paid in full. Did you and only you make the payments?

    • @pdubstuff
      @pdubstuff 2 года назад +1

      @@rkml59 yes I make all the payments.

    • @rkml59
      @rkml59 2 года назад

      @@pdubstuff that's great! Is the mortgage paid in full?

  • @JossieL-w8k
    @JossieL-w8k 2 года назад +1

    These terms are both so similar it's hard to tell them apart. UGH.

  • @migarsormrapophis2755
    @migarsormrapophis2755 4 года назад

    excellent

  • @elihurrell7503
    @elihurrell7503 2 года назад

    What's the difference in marriage ;licenses how they relate joint tenancy?

  • @latifa3416
    @latifa3416 2 года назад

    3:07 is confusing me, it says joint tenants has the unity of survivorship and than it’s says the interest of the deceased owner transfer to the surviving owners..How ? it should go to their estate, joint tenancy has right of survivorship

  • @TheMajinCollins
    @TheMajinCollins 2 года назад

    What about tenancy in entirely

  • @sassyleo7821
    @sassyleo7821 2 года назад

    If a husband and wife purchase a property as joint tenants and husband gives all his interest to wife, what is it called now?

  • @diegom6085
    @diegom6085 3 года назад +1

    What if Vivian and Carol hate Stephen, but he doesn't want to sell?

  • @RM-ci7be
    @RM-ci7be 3 года назад +1

    Tenancy In Common, nothing is common except the property.

  • @reginaldhines5426
    @reginaldhines5426 Год назад

    When one does not contribute to property and is put on then leaves for 18 years with no financial up keep of property but the purchaser alone then joiner come in to claim half what ? Is this wrong so one work and others collect .and people sit and it ok yea ...

  • @gocpng4699
    @gocpng4699 4 года назад

    Cheers! ^

  • @rkml59
    @rkml59 2 года назад

    Right of survivorship throws me off. I keep getting it backwards.

  • @dzmitryv.krukau4327
    @dzmitryv.krukau4327 3 года назад

    2:49 the rate of survival indeed "differs" greatly

    • @dzmitryv.krukau4327
      @dzmitryv.krukau4327 3 года назад

      4:25 #corporation real #estate "terms" also differ greatly ... they do not escheat, they tend to #resolve

  • @sohaibahmed226
    @sohaibahmed226 3 года назад +1

    J. T turns to t.i.c

  • @JoJoStatus
    @JoJoStatus 4 года назад

    👍

  • @spitfire2885
    @spitfire2885 2 года назад +1

    Who makes all this absurd laws..ridiculous

  • @marshall1509
    @marshall1509 4 года назад

    Very helpful