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What is Co-Ownership and Severance of Land about?
Co-ownership arises when two or more people have the right to simultaneous ownership of the same land. Co-ownership can arise deliberately or by operation of law. When property is co-owned, it is divided into legal title and beneficial ownership. The legal title is always held as a joint tenancy, while the beneficial ownership can be held as either a joint tenancy or tenancy in common. A joint tenancy provides the right of survivorship, while a tenancy in common allows each owner to freely transfer their sh
- Author
- Sumukhan Loganathan
- Language
- EN