Joint Tenant or Tenant in Common: What’s the difference?

I received instructions recently from the daughter of an elderly lady who had lost capacity to make decisions for herself. The husband of many years (although a second marriage) had passed away and the property in which they lived was required to be sold so that the elderly widow could move into aged care.
Unfortunately, […]

Co-ownership Disputes & Issues

Part 3 – Disputes and Issues arising out of Co-ownership of PropertyParties who buy property together should get a co-ownership agreement prepared for them by a competent solicitor because of all the issues that might arise between them from the date of purchase of the jointly owned property.The parties might have a disagreement about […]

Co-ownership Disputes

Part 2: Joint Tenancy or Tenancy in Common?To fully appreciate the various issues that could befall Bob and Carol on the one hand and Ted and Alice on the other, it is necessary to have some appreciation of the terms “Joint Tenants” and “Tenants in Common”.Whenever real estate is held by more than one […]