HOW TITLE TO REAL ESTATE IS HELD

Some common ways that title is held (vesting).


Tenancy in common:
Two or more people own the property together; they each own a share of the
income, expenses and value of the property; each individual can sell, lease or
will their own share of the property, and all tenants in common have the right
to occupy the property together.

Severalty: This is ownership by a single person or corporation. "Sole and separate property"

Joint tenancy:
This type of ownership or “vesting”provides or contains "rights of survivorship"
without having to go through probate. This conveys ownership of the deceased
person(s) property or “estate”to the surviving owner(s) immediately upon the
partner’s death. This is a very common form of vesting for married couples.

Community property:
This pertains to only persons married to each other or "Community property".
This means that title will be conveyed to the surviving spouse if there is no
will and refers to all property and debts acquired during marriage and are
shared equally. In the case of a will, either spouse may convey title to
whomever they wish. In this case, the heir or devisee would become a tenant in
common with the surviving spouse. Married couples can receive and/or inherit
property and still keep it separate property. In this scenario, they may not
co-mingle income from separate property with income from community property.

Tenants by the Entirety: Allows spouses to own property together as a single legal entity.
Under a tenancy by the entirety, creditors of an individual spouse may not attach and sell the
interest of a debtor spouse: only creditors of the couple can attach and sell
the interest in the property owned by tenancy by the entirety.


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REAL ESTATE RECORD CODE DESCRIPTIONS AND ACRONYMS

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AD Administrator's Deed - Notice
AJ Affidavit of Joint Tenant - Deed
AG Agreement - Agreement Comm.Miscellaneous
ARI Articles of Incorporation - Notice, certificate
AST Assessment Lien - Lien, JTL                                                             
ASG Assessment - Assessment
ABS Assessment / Bill of Sale - Assessment, Mineral/Oil & Gas
AFS Assignment of Financing Statements - Assignment
AL Assignment of Lease Assignment - Lease
AM Assignment of Mortgage - Assignment
AO Assignment of Oil & Gas Lease - Assignment, Mineral / Oil & Gas
AR Assignment of Rents - Assignment
ATL Attorney's Lien - Lien, JTL
BB Bail Bond Lien - Lien, JTL
BI Bond Indenture - Agreement
CE Cemetery Deed - Deed
CT Certificate - Certificate
CI Certificate of Incorporation - Certificate
CF Continuation Fixture File - Mortgage, UCC
CU Continuation of UCC - UCC, JTL
CD Contact for Deed - Deed, Contract
CV Conveyance - Deed, Mineral / Oil & Gas, Comm. Miscellaneous
DC Death Certificate - Certificate, Notice
DL Declaration - Notice, Plat
DLC Declaration of Condominium - Deed, Order
DV Decree of Divorce - Deed, Order
FD Decree of Final Distribution - Deed, Order
D Deed - Deed
DG Discharge - Discharge
DIS Disclaimer - Release, Notice
EA Easement - Easement, Comm. Miscellaneous
ED Executor's Deed - Deed
FTL Federal Tax Lien - Tax Lien, JTL
FN Fictitious Name Affidavit - Fictitious Name
FS Financing Statement - Mortgage, UCC, JTL
FF Fixture Filing - Mortgage, UCC
GD Guardian's Deed - Deed
HL Hospital Lien Lien, Physicians - Lien
JE Journal Entry - Order, JTL
JU Judgment - Judgment, JTL
LT Letters of Testamentary - Order
LP Lis Pendens Notice - Notice
LA Lot Line Adjustment w/Survey - Plat, Notice
ML Mechanic's Lien - Lien, Mechanic's Lien, JTL
MT Memorandum of Trust - Trust
MD Mineral Deed - Deed, Mineral / Oil & Gas
M Mortgage - Mortgage
MA Mortgage Agreement/Ext - Mortgage, Agreement
MM Mortgage Modification - Mortgage, Agreement
NO Notice Notice, Comm. - Miscellaneous
NPT Nunc Pro Tunc Order - Order, Deed,Notice
OGL Oil & Gas Lease - Lease, Mineral / Oil & Gas
OGM Oil, Gas & Minerals - Mineral / Oil & Gas
OS Order Confirming Sale - Order
ORR Overriding Royalty Interest - Mineral / Oil & Gas
PR Partial Release - Release
PRF Partial Release Fixture File - Release, UCC, UCC Termination
PRML Partial Release Mechanics Lien - Release
PFT Partial Release Federal Tax Lien - Release, JTL, Release Tax Lien
PRJ Partial Release Judgment - Release, Judgment, JTL
PRM Partial Release of Mortgage - Release
PSR Partial Release of Statement of Judgment - Release, Judgment, JTL
PSL Partial Release of State Tax Lien - Release, JTL, Release Tax Lien
PD Personal Representative's Deed - Deed
PHL Physician's Lien - Lien, Physicians Lien
PL Plat - Plat
PO Power of Attorney - Power of Attorney
PF Proof of Death & Heirship - Notice, Mineral / Oil & Gas
QC Quick Claim Deed - Deed
RE Release - Release, JTL
RAG Release of Agreement Release, - Agreement
RAL Release of Assessment Lien - Release, Lien, JTL
RAT Release of Assessment Lien - Release, Lien, JTL
RET Release of Estate Tax - Release, JTL
RFT Release of Federal Tax Lien - Release Tax Lien, Release, JTL
RF Release of Fixture Filling - Release, UCC, JTL
RHL Release of Hospital Lien - Release, Lien, Physicians Lien
RJJ Release of Judgment - Release, Judgment, JTL
RL Release of Lien - Release, Lien, JTL
RLP Release of Lis Pendens - Release, Notice
RML Release of Mechanic's Lien - Release, Lien, JTL
RM Release of Mortgage - Release
RN Release of Notice - Release, Notice
RO Release of Oil & Gas Lease - Lease, Mineral / Oil & Gas, Release
RPL Release of Personal Property Lien - Release, Lien, JTL
RPH Release of Physicians Lien - Release, Lien, Physicians Lien
RSL Release of State Tax Lien - Release, Tax Lien, JTL, Release
RSJ Release Statement of Judgment - Release, JTL
RNJ Renewal of Judgment - Judgment. JTL
RD Resale Deed - Deed
RT Restrictions (Declaration of) - Notice, Plat
RV Revocation - Notice, JTL,Release Tax Lien, Release
RFN Revocation Fictious Name - Fictitious Name
POR Revocation Power of Attorney - Power of Attorney
RWY Right of Way Agreement - Easement, Agreement, Comm. Miscellaneous
SD Sheriff's Deed - Deed
STL State Tax Lien - Tax Lien, JTL
STR State Tax Lien Refile - Tax Lien, JTL
SJ Statement of Judgment - Judgment, JTL
SA Subordination Agreement - Agreement
SU Survey - Plat
TX Tax Deed - Deed
TM Termination Statement - Release, JTL
TD Trustee's Deed - Deed
VA Vacation - Plat
WD Warranty Deed - Deed


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HOW TITLE IS HELD

HOW TITLE IS HELD:


Abbreviation Descriptions


JT - Joint Tenancy

NS - No Status

LE - Life Estate

TE - Tenants In The Entirety

RS - Community Property With Rights of Survivorship Multiple vesting codes used when there is more than one type
of vesting on a property.

Below are combinations of the above codes.

JT/JT -

JT/NS -

LE/JT -

LE/NS -

NS/NS -

NS/JT -

RS/JT -

RS/NS -

JT/RS -

LE/RSNS/

RS -

RS/RS -


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