What is a Joint Tenancy?

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What is a Joint Tenancy?

Joint tenancy is one of the two ways people can own property together, often used by married couples or close family members looking for simplicity in their property arrangements. 

In this case, the co-owners have an equal share in the property meaning. This means, if a couple were to share their property, they would each be entitled to half of the sale proceeds (regardless of their contributions).

One of the key features is the right of survivorship – if one owner passes away, their share automatically goes to the surviving joint tenants, regardless of what their Will says. This can be a straightforward way to share ownership but does come with certain risks, particularly in cases of relationship breakdown or financial disputes.

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