Who owns a property when it is jointly owned?

In the state of Florida, when a property is jointly owned, it means that two or more people each have an equal share in the ownership of the property. The owners of the property are referred to as co-owners, and their rights depend on the type of ownership they have. If two or more people own a property as tenants in common, each owner will have an individual share of the property and they will own it independently. This means that each owner will have the right to sell or transfer their part of the property without the consent of the other owners. If two or more people own a property as joint tenants, each of the owners will have an equal share in the property. This means that if one of the owners passes away, their share of the property will go to the other owner. It is important to consult a lawyer to make sure that the ownership of the property is clear and all legal requirements have been met. When a property is jointly owned, each owner will have a certain set of rights and responsibilities that must be respected.

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Who owns a property when it is jointly owned?

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