Find Out Why of Closed Clients Would Recommend Us. Payments, Get Quotes – Start Today! Joint Tenants or Tenants – in-Common – Which is Best for. Can unmarried couples own property? What happens if one tenant in common dies?
When buying a property together, unmarried couples have a choice over whether to register with the land registry as joint tenants or as tenants in common.
In short, under joint tenancy, both partners jointly own the whole property, while with tenants-in-common each own a specified share. It’s worth looking at each of these options in more detail before deciding which one is right for you. Under a joint tenancy, both parties own the whole of the property, not a quantified share.
Unmarried couples are often encouraged to enter into a cohabitation agreement. A cohabitation agreement is a written document where the parties to the agreement can provide for division of property, support or any other matter on death or. You cannot force a sale, but a judge can, yes.
But typically an unmarried couple would take ownership as tenants in common. THEIR interest in the property (half ownership in this case). Marriage is only as important as the two people think it is. (more…)