Tenants In Common means upon death of any of the Customers Straits will divide the joint account into separate equal accounts in each of the Customer’s respective names, but Customers shall continue to be liable on the joint account hereunder until Straits has received actual notice of such death or incapacity. “With right of survivorship” means, upon death of any of the Customers, the survivor(s) shall be vested with this joint account, subject to notice and ability as aforesaid. If no instruction is given above, the Customers shall be deemed Joint Tenants with Right of Survivorship.
Tenants In Common. The shares are jointly owned by two or more persons. If one person passes away, half (or whatever fraction designated of the shares) automatically goes to the deceased's estate and not to the surviving partner(s).
Tenants In Common. The signatures of all parties are required. TENANTS BY THE ENTIRETY: The signatures of all parties are required. PARTNERSHIP: The Subscription Agreement must be accompanied by a copy of the signed partnership agreement.
Examples of Tenants In Common in a sentence
Joint Account - With Survivorship (And Not As Tenants In Common) - is an account in the name of two or more persons.
Joint Account - No Survivorship (As Tenants In Common) - is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person.
Joint Account - No Survivorship (As Tenants In Common) - This is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person.
Tenants In Common (Y/N) Loan Agreement Yes, when there is a tenancy in common rider to the Loan Agreement; or No, when there is no tenancy in common rider.
Buyer, , will take title to the Property 17 described below as Joint Tenants Tenants In Common Other .
More Definitions of Tenants In Common
Tenants In Common. . This means that your share would be recorded as a proportional ownership on the title and your share in the property would pass to the beneficiaries
Tenants In Common. The certificate of indebtedness is jointly owned by two or more persons. If one person passes away, half (or whatever fraction designated of the certificate of indebtedness) automatically goes to the deceased's estate and not to the surviving partner(s).
Tenants In Common means the Company and the purchasers of tenant in common interests in the Properties.
Tenants In Common. All parties must sign.
Tenants In Common means that the purchasers shall co-own the Securities as tenants in common with no right of survivorship. Each purchaser may sell, transfer, or otherwise dispose of his proportionate share of the Securities pursuant to the terms and conditions of the subscription agreement.
Tenants In Common means all persons holding an undivided interest in the Project from time to time, including each of the Sellers.
Tenants In Common. At the addresses specified in the Tenants in Common Agreement Property Manager: Triple Net Properties Realty, Inc., Property Manager 0000 X. Xxxxxx Avenue, Suite 650 Santa Ana, California 92705 Attn: Xxxxxxx X. Xxxxxxxx, President With a copy to: Xxxxxxxxx Xxxxxxxxx X.X. Xxx 000 Xxxxxxxx, Xxxxxxxx 00000-0000 Attn: Xxxxx X. Xxxxxx, Esquire Such notice or other communication may be delivered by a recognized overnight delivery service providing a receipt, facsimile transmission or mailed by United States registered or certified mail, return receipt requested, postage prepaid if deposited in a United States Post Office or depository for the receipt of mail regularly maintained by the post office. Notices sent by overnight courier shall be deemed given one (1) business day after mailing; notices sent by registered or certified mail shall be deemed given two (2) business days after mailing; and notices sent by facsimile transmission shall be deemed given as of the date sent (if sent prior to 5:00 p.m. PST and if receipt has been acknowledged by the operator of the receiving machine).