elements of a joint tenancy

Co-Ownership of Property – The Elements of a Joint Tenancy:

Co-Ownership of Property – The Elements of a Joint Tenancy:

Co-ownership refers to the legal relationship shared by two or more people over an interest in property. In Queensland co-owners are registered as either Joint Tenants or Tenants in Common. It’s important to have a basic understanding as each of these principles of ownership when purchasing property with another person, as during the conveyancing process your lawyer will need to specify on the transfer how ownership of the property is to be distributed between each owner.