National Credit Union Administration. The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions.
This joint tenancy severance is necessary to change your tenancy from a joint tenancy to a tenancy in common. This notice will record the current ownership of the property as well as the change in ownership. Ask a lawyer to discuss your specific legal situation.
First off â a tenancy does not end when the tenant dies. What happens depends on the circumstances. If the tenancy is in joint names then the living tenant will acquire the deceased tenantâs share by what is known as the âright of survivorshipâ. So if a husband and wife rent a property jointly and the husband dies, it will then belong just to the wife.