The Karlin Law Firm LLP

Providing quality legal services to statewide and national clients in ADA defense, Personal Injury, business and real estate for more than 35 years

Email Us
Practice Areas

Approaches to real estate ownership by multiple parties

A real estate deal in California often involves more than one buyer. Even a married couple buying their first home might need to consider how the legal terms of property ownership should be determined. Whether the buyers are family members or a group of investors, they can choose among legal options such as a joint tenancy, tenants in common, a trust or a limited liability company.

Married couples often select a joint tenancy for a home purchase. This creates a right of survivorship. If one spouser dies, then the surviving spouse automatically gains sole title of the property. More than two people, such as siblings, might also choose this form of ownership. Tenants in common creates an alternative structure. Each person possesses a percentage of ownership. This share can be sold to others. Additionally, the share can be assigned to heirs.

Trusts represent a legal tool for transferring property upon the death of an owner. This action will not require the oversight of a probate court. When people invest in properties that they are planning on earning income from through rentals, they generally choose to create limited liability companies that serve as the actual entities that own it.

When a person is considering a real estate purchase, a consultation with a lawyer could provide important insights about how to arrange ownership. Exposure to liabilities might be analyzed by a lawyer. Recommendations about how to protect long-term interests could then be made. Along with considerations about the ownership structure, a lawyer could help resolve problems like title issues or a lack of disclosure.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

L. Scott Karlin

L. Scott Karlin

Attorney Profile
David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

Attorney Profile
Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

Attorney Profile

Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

Tustin Office
13522 Newport Avenue, Suite 201
Tustin, CA 92780

Phone: 714-881-0054
Tustin Law Office Map

Newport Beach Office
2901 West Coast Highway, Suite 200
Newport Beach, CA 92663

Phone: 949-427-9328
Newport Beach Law Office Map

Carlsbad Office
2173 Salk Avenue
Suite 250
Carlsbad, CA 92008

Phone: 760-407-2409
Map & Directions

Riverside Office
6809 Indiana Avenue
Suite 100
Riverside, CA 92506

Phone: 951-643-8769
Map & Directions

Los Angeles Office
1100 S. Hope Street
Suite 103
Los Angeles, CA 90015

Phone: 213-519-5633
Map & Directions

Fresno Office
1444 Fulton Street
Fresno, CA 93721

Phone: 951-373-4384
Map & Directions