Joint Ownership Of Property Rights



Joint Ownership Of Property Rights:

A co-owner has right to possession, right to use and right to dispose off the property. Tenants-in-common may hold unequal interest in the property but the interest held by each are a fractional interest in the entire property. Each one may freely transfer his interest in the property.

What rights do I have as a co-owner of a property?
Each co-owner has the right to use and possess the entire property; Each co-tenant owns a certain share of the property as their own; Co-owners may hold unequal ownership shares; and. Maintenance and other costs are shared in proportion to ownership shares.
Can a jointly owned property be sold by one owner?
A co-owner of a property is capable of selling his/her undivided share in the property provided the purchaser is willing to make a purchase in the said manner. the only other way is to partition a property, either through court or through a partition deed and then affect sale of divided property.

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