Why should you own a property as tenants in common?

If you die with a joint tenancy, the property will go solely to the other person in the tenancy agreement, this cannot be changed in your will. A tenants in common agreement means you and the other tenant/s will get a percentage share of the property. This will give you control over where your property percentage goes when writing your will.

For example, if you and your spouse have a 50/50 tenants in common agreement, you get to choose in your will where your 50% ownership goes, whether it's to your spouse, children, or another person. If you die with a joint tenancy, regardless of what you want to happen with your property, it automatically goes to the remaining owner/s.

To find out more about our tenants in common services, drop us an email at [email protected]



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