JOINTLY OWNED PROPERTY
04/04/2009
Where real property is owned by two or more people the legal title is held on a joint tenancy (s.1 Law of Property Act 1925); however behind the trust of land imposed by the Trusts of Land & Appointments of Trustees Act 1996, the equitable interests, the interest of each co-owner in the proceeds of sale, can be either as ‘joint tenants’ or as ‘tenants in common’.
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