When ownership of the vehicle is in more than one name, the Legal Status (“OR”, “AND”, “AND/OR”) determines which signatures will be required to transfer ownership of the vehicle, license plates and/or fees; to apply for a refund; or to record loan information.
Ownership is joint tenancy, with an expressed intent that either of the owners has full authority to transfer ownership, license plates and/or fees, or to record loan information.
Example: JOHN DOE OR JOE ROSS
In the event of the death of either party, only the surviving owner can transfer the vehicle to another individual or entity. A death certificate is not needed, and a Non-Probate Affidavit is not acceptable to transfer the deceased owner’s interest in the vehicle when there is a surviving owner.
Ownership is tenancy in common.
Example: JOHN DOE AND JOE ROSS
In event of the death of either party, the interest of the deceased party must be handled by probate action, or by completing a Non-Probate Affidavit.
Ownership is joint tenancy with right of survivorship.
Example: JOHN DOE AND/OR JOE ROSS
In the event of the death of either party, the survivor will need to provide a death certificate for the deceased owner and then may sign alone when selling the vehicle or when applying for a certificate of title in the surviving owner’s name.