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Tenants in Common

Tenants in Common refers to how property or land is owned. Tenants in Common have a defined proportion of the property. This proportion would be fifty percent for two tenants in common, unless seperately detailed within a Declaration of Trust document.
 
Somebody who owned their property as Tenants in Common can detail what should happen to their share of the property in a Will. For example a tenant in common could gift their half of a house to a trust whilst giving their spouse a life interest. This has a succinct advantage in Community Care Planning
 
Couples can convert their beneficial ownership to Tenants in Common by purchasing and immediately downling our Mutual Notice of Severance form plus specific Land Registry form here.



Tenants in Common must not be confused with "Tenants" and "Renting"
 
 
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