Buying a property with someone who is contributing a different amount toward the down payment? A tenancy in common can reflect each owner’s share on title, but it does not include the right of survivorship.

In this video, Barrie real estate lawyer Laura Rosati explains unequal ownership percentages, what happens when an owner passes away, and why having a will is important.

For help with purchases, sales, mortgages, refinances, condos, vacant land, and commercial transactions, contact Laura Rosati and the Devry Smith Frank LLP real estate team by emailing info@devrylaw.ca.

Disclaimer: This video is not legal advice. Consult with a qualified legal professional for advice tailored to your circumstances.