What are Joint Tenants?


A way of owning property in joint names that means that, on the death of one of the owners, the property will automatically pass to the surviving owner regardless of what is said in any will. In the event of the owners separating or wishing to sell the property and not buy another one together, the basic premise is that the proceeds of sale are divided between them on an equal basis, regardless of the contribution that either of them may have made to the purchase price or any subsequent modifications or improvements to the property.


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