- Jurisdiction
- New Jersey
I am trying to figure out who owns what shares (%) of a property where there are three grantees in a very ambiguously written deed (IMO). I don't have the experience to understand the grantee statement and what it means. I can't figure out if the three grantees are Tenants in Common or Joint Tenants. I know that two of the grantees are husband and wife so that would be a Joint Tenancy with a right to survivorship or a Tenancy by the Entirety.
All the deed states and, I will use fictitious names:
Do each of the three grantees own an undivided share of the property or does husband and wife own 50% and Kemp own 50%? Or something else. The Deed is silent on any other verbiage about percentages or even what type of tenancy this is.
All the deed states and, I will use fictitious names:
Bob Smith and Mary Smith, husband and wife and Steve Kemp, a married man referred to as the Grantee.
Do each of the three grantees own an undivided share of the property or does husband and wife own 50% and Kemp own 50%? Or something else. The Deed is silent on any other verbiage about percentages or even what type of tenancy this is.