Provided by the Real Estate Institute of Australia

JOINT TENANTS and TENANTS IN COMMON – Property, whether real or person, may be owned under joint tenancy or tenancy in common. Joint tenancy is ownership in equal undivided shares, state to have the technical requisites of unity of possession, interest, title and time. The most important feature of joint tenancy is known as survivorship; on the death of one joint tenant, that person’s share passes to the survivors so that they remain joint tenants of the whole. Joint tenants are regarded collectively as a single person in respect of their dealings with others. In the case of tenancy in common, although each has an undivided share, such share is distinct and separate. The interests need not be equal; thus ‘A’ may have one undivided third share, and ‘B’ two undivided third shares of the same property. The most important feature is that the share of a tenant-in-common may be separately disposed of during a person’s lifetime, or by will. On death it passes, not to the other tenants-in-common, but by will, or by the laws of intestacy.
J of the A-Z Glossary Provided by the Real Estate Institute of Australia you will find Glossary J, Glossary, A-Z Glossary, Provided by the institute of Australia, if offers you Information, Advice, Help, in regards to Property, properties, apartments, units, buying, selling, and Real Estate, any further questions contact Alan McGillivray, at Alan McGillivray Real estate
Find out information on Gold Coast, Surfers Paradise amd Queensland properties
Get the latest Hot Property news by subscribing to our newsletter

Mortgage Calculator

Sale price ($)

Down payment (%)

Interest Rate (%)

Term (years)

First home owners buyers info
Information for
Home Owners Scheme
-click here -