• Joint Tenants or Tenants in Common – what is the difference

    Joint Tenants or Tenants in Common is a widely misunderstood concept and is often confusing to buyers when they are deciding on which of these options best suits their needs.

    Understanding the difference between Joint Tenants and Tenants in Common is extremely important considering the legal implications that can arise with either option.

    Let’s look at the differences…
    The first question is, how much interest does each buyer intend to hold on the property? For example – does one buyer intend to hold 100%; each buyer 50%; or different shares such as 80/20. Another thing to consider is in the event that any of the co-owners pass away, what do the other parties intend to happen? Do they intend for the deceased’s share in the property to be automatically transferred to the surviving parties?

    Speak with us on (1800)217 217 or for Booking Appointment check here: https://aylwardgame.com.au/joint-tenants-tenants-common-difference/

    Find Experienced Property Lawyers Near you on Google maps ( https://g.page/AylwardGameSolicitors?share ) anytime at Aylward Game Solicitors

    #JointTenants #TenantsinCommon #Tenantsunit #PropertyLawyersBrisbane
    Joint Tenants or Tenants in Common – what is the difference Joint Tenants or Tenants in Common is a widely misunderstood concept and is often confusing to buyers when they are deciding on which of these options best suits their needs. Understanding the difference between Joint Tenants and Tenants in Common is extremely important considering the legal implications that can arise with either option. Let’s look at the differences… The first question is, how much interest does each buyer intend to hold on the property? For example – does one buyer intend to hold 100%; each buyer 50%; or different shares such as 80/20. Another thing to consider is in the event that any of the co-owners pass away, what do the other parties intend to happen? Do they intend for the deceased’s share in the property to be automatically transferred to the surviving parties? 👉👉 Speak with us on (1800)217 217 or for Booking Appointment check here: https://aylwardgame.com.au/joint-tenants-tenants-common-difference/ 👉👉 Find Experienced Property Lawyers Near you on Google maps ( https://g.page/AylwardGameSolicitors?share ) anytime at Aylward Game Solicitors #JointTenants #TenantsinCommon #Tenantsunit #PropertyLawyersBrisbane
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    Joint Tenants or Tenants in Common - what is the difference
    Joint tenants is a common option for married or de-facto couples. It allows two or more persons to own property jointly as one single owner.
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