Acting for Joint Buyers and Co-Owners

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01
Choose co-ownership structure
What facts about contributions, relationship risk, family pressure or future sale plans show that joint buyers need co-ownership advice?
02
Joint tenancy or tenancy in common
How do joint tenancy and tenancy in common differ for survivorship, shares and sale proceeds?
03
Match trust to instructions
Which instructions, transfer entries and declaration of trust wording would you check before recording the buyers’ co-ownership choice?
04
Set ownership before completion
When must the solicitor settle the buyers’ co-ownership instructions before exchange or completion?
05
Do not assume equal shares
What is unsafe about assuming joint buyers want equal beneficial ownership because they are buying the legal title together?
06
Document beneficial shares
Two unmarried buyers contribute different deposits but say they are happy to own jointly. Explain the advice and records needed before exchange.

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Acting for Joint Buyers and Co-Owners

Guided prompts in this topic

Choose co-ownership structure

Joint tenancy or tenancy in common

Match trust to instructions

Set ownership before completion

Do not assume equal shares

Document beneficial shares