Q&As
How under the Trusts of Land and Appointment of Trustees Act 1996 are joint properties treated if unmatched contributions have been made in respect to a property in joint names? Will the unmatched contributions be reflected in the parties beneficial interest?
Legal ownership of a property in England and Wales where there is more than one proprietor will always be as joint tenants. This means that each owns the indivisible whole; and if one dies, the other seamlessly becomes the sole owner (or if there are more than two legal owners, each diminishing number of owners does, until there is only one left). This is known as the doctrine of survivorship. There is no transfer, and the interest of the co-owner does not fall into their estate; rather their interest is simply extinguished.
Co-owning legal joint tenants hold the beneficial interest of the property on trust for the beneficial
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