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Commercial

$685,000 Commercial/Office

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Address: 1092 Eastglen Way	City/ST: Twin Falls, ID	Zip Code: 83301
Location: Twin Falls	Property Type: Comercial	New or Resale: Resale
Square Footage: 5000	MLS# 98414858	Property Tax: 0

Great commercial building in Northeast Twin Falls. Currently leased, tenants will stay if desired or are willing to move. Leased until Aug. 2010. Lots of possibilities for this building, Easily could be set up for 2 separate businesses.

Last Updated: 9/14/2009 1:55:19 PM

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Titles >Joint Tenancy

When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.

The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.

It is important to get professional advice when you plan to buy and hold title to real estate with another person.

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Gem State Realty, REALTOR�, real estate agent and broker for Twin Falls, Jerome and Boise, Idaho home listings, property and land for sale - NUMBER1EXPERT

Gem State Realty
1445 Addison Ave. E
Twin Falls, ID 83301
208-734-0400
Fax: 208-733-6112
GemStateRealty@NUMBER1EXPERT.com

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