159. Beneficial owner.

A beneficial owner is a single estate owner (either an individual or a corporation) who owns the whole of the legal and equitable interest in the property for his own benefit1. A survivor of co-owners (where the other co-owner has died) may be a beneficial owner provided certain conditions are satisfied2. Co-owners cannot satisfy this requirement because they hold the property on a trust of land3. If it appears that someone other than the seller named in the contract is in occupation of the property, enquiries about the status of such occupier must be made to establish what interest