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In contrast, a property owned under a joint
tenant arrangement (usually by couples) is
held in equal shares. If one owner dies, their
portion automatically passes to the other
owner.
Shared property ownership only works if
strict ground rules and a tight contract are
in place. Everything needs to be in writing.
Your legal representative should be consulted.
The two most important points you need to
cover are what happens if one owner wants to
sell their share and what happens if one owner
cannot meet their repayments.
We can determine your borrowing capacity,
how much deposit you may require and can
also arrange the deposit bond if required.
Ask us for a
copy of our
article on
co-ownership.
