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When there are three or more owners of a property, how do you hold the property? - Your Questions Answered Series
For our ‘Your Questions Answered Series’ we are discussing the joint ownership of real property when there are three or more owners.
When purchasing a property with one of more other people, you are required to decide whether you will own the property as ‘joint tenants’ or ‘tenants in common’. Where there are three or more owners, it is also possible to have a combination of ‘joint tenants’ and ‘tenants in common’.
See our earlier article HERE for the difference between Joint Tenants and Tenants in Common.
