Q. What is the difference between co-ownership as joint tenants or as tenants-in-common?

 

The distinction between co-ownership as joint tenants or as tenants-in-common lies essentially in the right of survivorship. If a joint tenant passes away, his/her share in the property is automatically transferred to the surviving co-owner(s). But if a tenant-in-common passes away, his/her share in the property belongs to his/her estate and will either be distributed according to his/her Will or intestacy rules if he/she did not execute a Will during his/her lifetime.

– June Lim, managing director, Eden Law Corporation

 

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