COMMON WAYS TO HOLD TITLE

Vesting in State of Montana

Individually or as a Single Individual

Any person who holds title by themselves without another person or entity.

Tenants-In-Common

Two or more people have interests in the property. The individual interests do not need to be equal, but the sum of the interests must equal 100%. Each interest is separate and individual from one another, which allows for transfer, mortgaging, or sale of said interest. The interests of each tenant-in-common will pass onto his or her estate upon their death.

Joint Tenancy

Two or more people have equal interests in the property and the deed by which they take title must specify that the property is “held as joint tenants, with rights of survivorship”. Unlike tenancies-in-common, when a coowner dies, his or her ownership interest automatically passes on to the other co-owners. Evidence of intent, signed by the grantees, is generally necessary.

Fidelity National Title has a rich history of serving its customers with accuracy, efficiency and unequaled financial strength to back their title insurance policies.