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If you decide to jointly own a property, you will choose one of two options: beneficial joint tenants, or tenants in common.

Joint tenants are the most common form of joint ownership and means that all parties own the property in equal shares. If one co-owner dies, their share will pass automatically to the other co-owner(s) and when the final co-owner dies their share will be passed to any named beneficiaries in their will or to their next of kin.

As Tenants in Common, you will have totally separate shares in the property. You may choose to have equal shares, but you can choose to own in unequal proportions (e.g. 60/40, 70/30 etc).

In the event that one co-owner dies, the share does not automatically pass to the other co-owner(s) as it does with joint tenants, instead it goes to any named beneficiaries in their will or to their next of kin.

Our expert residential conveyancing department can advise you on all aspects of joint ownership, meet the team headed by Emma Liddle here or call 0191 281 6151 to speak to a member of the team.

For trusted advice on any residential property matter, contact:

Emma Liddle

Head of Residential Conveyancing

T: 0191 212 7758eliddle@mincoffs.co.uk

Emma acted most professionally and expeditiously. Her communication with us was been excellent and we were most reassured with her looking after our conveyancing.

We would like to thank you for the hard work, attention to detail and professionalism in all our dealings during the sale and on the back of that I will be very happy to continue to recommend Mincoffs so please accept this big pat on the back from us!
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