tenants in common ??

[poc]

anyone got any info on what this is please ??

[Rjk]

Re: tenants in common ??

https://bfy.tw/QujK

[Igovernor]

Re: tenants in common ??

If you co-own a property as tenants in common, each co-owner owns a specific share of the property. A tenancy in common agreement is ideal for people who wish to own property jointly with their partner but wish to leave their share of the property to someone else when they die. ...

[Shrewsbury Blue]

Re: tenants in common ??

anyone got any info on what this is please ??

If two people own a property as Joint Tenants and one of them dies their share of the property will automatically pass to the other person. If two people own a property as tenants in common and one dies their share of the property will pass to whoever they have left it two in their will or if they have not made a will under the laws of intestacy.

[poc]

Re: tenants in common ??

https://bfy.tw/QujK

tried that need something i understand easier

[Rjk]

Re: tenants in common ??

tried that need something i understand easier

:thumbup: feel free to ignore the snark

[Re-sign Carl Dale]

Re: tenants in common ??

Exactly as posted above. A big advantage is that it can enable your share of a home to be left to a Trust rather than directly to a surviving partner.

It's useful whenever a part owner of a property doesn't want any co-owners to automatically inherit their share.

[Taunton Blue Genie]

Re: tenants in common ??

Exactly as posted above. A big advantage is that it can enable your share of a home to be left to a Trust rather than directly to a surviving partner.

It's useful whenever a part owner of a property doesn't want any co-owners to automatically inherit their share.

A cynic might say that many people learn late that they have little in common with their surviving partner.......

[poc]

Re: tenants in common ??

these legal matters are so complicated

[Freitag 4.17]

Re: tenants in common ??

So could the inheritor force sale of the property?

[Re-sign Carl Dale]

Re: tenants in common ??

So could the inheritor force sale of the property?

Yes. The inheritor (assuming they are a person) would part own the property and if either party wants to sell then the property needs to be sold.

[BLUETIT]

Re: tenants in common ??

Yes. The inheritor (assuming they are a person) would part own the property and if either party wants to sell then the property needs to be sold.

I think you may be wide of the mark here.

This is what "Tenants in Common", actually stops happening.

Say one party goes into a care home, then the oyher party can still reside in the house, with no worries.

This is what it protects

[Taunton Blue Genie]

Re: tenants in common ??

This article is about one of the parties wanting to force a sale.

https://www.theguardian.com/money/2008/apr/30/property.mortgages

[BLUETIT]

Re: tenants in common ??

This article is about one of the parties wanting to force a sale.

https://www.theguardian.com/money/20...erty.mortgages

Lawyers don’t come cheap.

[Taunton Blue Genie]

Re: tenants in common ??

Lawyers don’t come cheap.

It's very difficult to disagree with your sentiment, old fruit.