There are Four types of Tenancy in Hawaii
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Sole Ownership of the property by One person or Entity.
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If owner passes, interest in the property is determined through probate.
Tenants in Common
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Ownership of the property by two or more persons or entities, each with a separate percentage interest.
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For unequal interest, the degree of each owner's interest must be specified.
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If an owner passes, that owner's interest is determined through probate.
Tenants by the Entirety
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Available to married couples or Hawaii civil union partners or registered reciprocal beneficiaries.
Joint Tenancy
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Ownership by two or more individuals, each with equal interest in the property.
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If an owner passes, that owner's interest automatically transfers to the surviving tenant.
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Any Owner may sever the joint tenancy by conveying his or her intent.
Sherry Daniels Realtor ®, Broker
