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Tenants in Common to Joint Tenancy Form

Tenants in Common to Joint Tenancy Form

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Instructions and help about Tenants In Common To Joint Tenancy

Many couples, both married and unmarried, owned their property jointly. Depending on the way in which this property ownership is arranged, this may fall into one of two categories - either a joint tenancy or a tenancy in common. Determining which of these categories you may fall into if your partner passes away makes all the difference in knowing what to do next. With a tenancy in common, each tenant owns an individual share of the property. This is often expressed on the certificates of title in numerical terms to show the different percentages of ownership. For example, one person in the relationship may have 60 shares of the property with the other only 14. When one person passes away, their proportionate interest in the property can be left to another person, or otherwise form part of their estate. However if a tenant in common passes away without a Will, the rules of intestacy apply. In most cases the tenants in common are in a relationship which is recognized by the Courts. As su

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