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Joint property ownership arises when an individual owns a property together with someone else. The property should then be registered with HM Land Registry as being jointly owned.
Considering Joint Property Ownership?

It is essential to get expert legal advice before proceeding. The property law specialists at Stirling Ackroyd Legal have extensive expertise in this area. We will help you to ensure that your rights are protected and your intentions fully reflected as you move forwards.

There are different types of joint property ownership, and owners can therefore select the option that is best suited to their own needs and circumstances.

Joint tenants

Joint tenants, or beneficial joint tenants, each enjoy an equal share in their jointly-owned property. This is often the most attractive option for couples who are buying a home together. As the rule of survivorship will apply, meaning that if one co-owner dies, the other will automatically take sole ownership of the property. However, neither of the co-owners is able to transfer their share to someone else at any time when a joint tenancy is in place.

Tenants in common

For tenants in common the rule of survivorship will not apply, meaning that they are free to choose who will inherit their share of the property when they make their Will.  A tenants in common arrangement may be suitable for co-owners who each own different shares in the property, or in cases where a group of people wish to make a shared purchase.

The property law specialists at Stirling Ackroyd Legal will take great care in getting to know your individual circumstances. We will work with you to ensure that your joint property ownership arrangements are tailored to meet your needs.

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As an investor who’s been purchasing properties, I’m glad to say that on this occasion Stirling Ackroyd Legal have been delightful to work with. – Terry Long

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