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Severing the Co-Ownership of Property – Tenants in Common:

Severing the Co-Ownership of Property – Tenants in Common:

Our previous post on co-ownership introduced the concept and the benefits and pitfalls of owning property with others. As you know there are a several ways in which co-ownership of a property can be extinguished, but this depends on the form in which the co-ownership takes; i.e. do you own the property as, tenants in common, or as joint tenants.