How should I own the piece of property?
Joint Tenancy
- Ideal for married couples.
- Surviving spouse has right of survivorship. If husband passes, wife owns the property 100%
Tenants In Common
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Ideal for siblings and friends buying or investing in a real estate property
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Ownership share clearly defined. Easier to manage over the long term if a sibling gets married, an owner passes away or an owner chooses to sell their portion.
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Paper trail down payment, obligations and expense records are necessary.
Setting up a Corporation
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Ideal for investors.
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Deal with the property as a pure business with a portion of shares issued to each owner.
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Annual corporate filing. Can sell shares to new owner which can save property transfer taxes.
Contact Alphil Guilaran today to learn more about how we can serve and develop solutions for you, your family or organization.
Alphil Guilaran
Executive Director
604.687.7773
