What does it mean to have your name added to the property title of a home?

Someone may be adding me to the title of their home when they close.

What does it mean to have your name added to the property title of a home?
It means you will have the benefit of ownership without the responsibility of having to pay the mortgage. Lucky you!
Reply:You are also responsible for rates etc
Reply:possibly, you are a part owner. however, you will also have to take part in the responsibilities of becoming an owner such as real estate taxes...and so on...
Reply:That means that you will now have "vested interest" in the property. You are now a decision make whenit comes to the property. If there are 2 people including yourself on the property, you now will own the home 50/50. No transaction can go through without your signing off on it!!!

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