Can one person hold the deed while two share ownership of a house?

Full question:

How can two people have joint ownership of a house and land, (residence) when only one person has thier name on the deed?

  • Category: Real Property
  • Subcategory: Deeds
  • Date:
  • State: Ohio

Answer:

Joint ownership of a house typically requires both names on the deed to be legally binding for all parties involved. If only one person is listed on the deed, they are the sole legal owner, which may not reflect the intentions of both parties. To ensure joint ownership that is recognized by all parties and third parties, it is essential to have a deed that includes both owners.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, it matters whose name is on the house. The name on the deed indicates legal ownership. If only one person is listed, they are considered the sole owner, regardless of any agreements made with others. To ensure joint ownership and protect the interests of all parties, both names should be on the deed.