Tenants in Common

Tenants in Common is the other common structure for property purchases involving 2 (or more) parties. Tenants in common allows the % split to be specified at the discretion of the purchasers, which may be helpful for taxation reasons if there is a significant disparity between the purchasers taxable income. The other major (and very important) difference is that each party can treat their portion ownership separately in their will – it does not just move to the other party in the event one party’s death as per joint tenants.

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