Tenants in Common

Posted on 6 April 2018 by Sydney


We are able to sign a tenants in common agreement, what does this involve and how should it be split?

Hi Sydney,

Unlike joint tenants:

  • you can own different shares of the property
  • the property does not automatically go to the other owners if you die
  • you can pass on your share of the property in your will

Typically, we see an agreement in place for joint applications of around 50/50 if both tenants are paying half of the mortgage and initial deposit. I do not think it is for me to decide the precise split and if you are in any doubt, I recommend that you seek independent legal advice about your position and how best to protect your interests.

 Peter

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