Will I also be entitled to claim compensation for interest paid during the construction period After choosing the type of deed to use, determine how the owners “accept the property”. For example, a newly married couple may accept the title of “Jim and Janet Dole as a common tenant,” meaning they own the property in the same way, but would transfer each other`s share to the secondary name on the title after death. If Jim wanted to preserve his children`s right to half the house, the couple would take the title of “Jim and Janet Dole, common tenant” and transfer their property after his death based on what is described in his will. Discover in this comprehensive guide all the pros and cons of buying real estate with your parents…