06/02/2026
Welcome back to Title Tidbits with Omega National Title! 🏡
Buying property with someone? How you hold title is CRUCIAL! It impacts inheritance, future sales, and overall ownership. Don't make a costly mistake! 🤯
In this video, we break down the most common ways people hold title in Florida:
1. **Husband & Wife (Tenancy by the Entireties):** Automatic full ownership for the surviving spouse. No probate! ✨
2. **Joint Tenants with Full Rights of Survivorship:** Perfect for friends, siblings, or partners. Shares automatically pass to survivors (if clearly stated on the deed!). 🤝
3. **Tenants in Common:** Each person owns a separate share—could be 50/50, 60/40, whatever you agree on. But no right of survivorship. Shares go to heirs, potentially involving probate. ⚖️
Understanding these options is key to protecting your assets and ensuring peace of mind. As your title company, we can't tell you *how* to take title, but we *can* explain what each option means for you.
Before you close, ask the question: How are we taking title? It's not just legal language—it's about your future!
⚠️ **Disclaimer:** This information is for educational purposes only and does not constitute legal advice. Please consult with a qualified attorney regarding your specific situation.