What does it mean to be 'tenants in common' when it comes to property ownership?
In this episode, Louise Gookey explores the 'tenants in common' concept and its implications. From shared ownership to financial responsibilities and legal considerations, we'll cover it all. If you're considering purchasing property with others, understanding 'tenants in common' is crucial.
👉 VIDEO TIMESTAMPS ⏳
0:00 Introduction
0:10 What is 'tenants in common'
0:17 Does the share have to be equal?
0:40 Can the shares be transferred?
1:12 How do the finances split?
1:53 Importance of legal advice
2:12 What happens if one of the owners wants to sell their share?
2:33 Different to joint tenants
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Understanding 'Tenants in Common' | Home Owning Advice
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