Not automatically. How you take title sets the ownership split and what happens when one owner dies. - Joint tenancy means equal, undivided interests with right of survivorship: if one owner dies, the other automatically owns the whole property. Common for spouses or anyone who wants that automatic transfer. - Tenancy in common lets each owner hold a defined percentage, say 70/30, that they can sell or leave to heirs separately. Some vesting forms require you to state the split. - Community property forms exist in community property states, and title can also be held in a trust or an LLC. Each choice carries different tax, creditor, and estate consequences. This is genuinely a legal question, and as real estate and mortgage people we can't give legal advice on it. Decide how to hold title with a real estate attorney or estate planner before closing, when setting it up correctly is easy, rather than trying to fix it later. Getting the vesting right up front can save real money and headaches down the road.