Can You Get Rich Quick with "Other Peoples Money" ?
The Canadian Real Estate Investor
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Condominium Corporations
If a tenant in common co-owner, let's say passes away, the ownership does not automatically go to the other owners. If a joint tenant co-owner dies, surviving co-owners inherit the deceased share of that property. On the Ontario website, it says in homes that are divided into separate units, co-owners can establish a condominium corporation where each co-owner owns their unit and a share of common amenities.
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