Legal Question in Real Estate Law in New York

Multiple Names on Deed

My wife and I own property in Nassau county with my father-in-law and mother-in-law. All mortgages are paid up. We purchased it in 1989 from an estate using Form 8005B Administrator's Deed. All four names are on the Deed as the ''party of the second part''. I can find nothing about ''tenants in common'', ''joint tenants'', ''right of survivorship'', etc. I have assumed we each own 1/4th share of the property. If the Deed is silent on tenantcy, what happens when one of us dies? Do the surviving three split the share or does a surviving spouse inherit? Thanks.


Asked on 4/05/04, 4:40 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Multiple Names on Deed

You are tenants in comon owning 1/4 each. Upon death their share goes to their estate.

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Answered on 4/05/04, 4:55 pm


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