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Joint tenancy

Severing a joint tenancy unilaterally

Many couples own their home together as joint tenants under a joint tenancy.  Under a joint tenancy an important legal consequence to remember with this type of property co-ownership is the legal right of survivorship. The right of survivorship means that when the first owner dies, their interest in the property is automatically absorbed so that …

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Tenancy & co-ownership: jointly owned or in common?

Co-ownership, joint tenancy, tenants in commonMany people own property with someone else. An important issue to consider upfront are what happens when one of them dies. Who can take their interest, is this what they want and if not, can they make provision for it in their will?