Friends With Money #22: Who owns the house? Joint tenancy vs tenants in common
As an individual buyer, outright property ownership is relatively straightforward. The title is in your name, any mortgage is in your name, and it's your asset alone.
But when you buy property with others you have a choice in ownership structure - joint tenancy or tenants in common.
Depending on your personal situation there are pros and cons for each, as well as implications for estate planning and unexpected situations such as divorce.
In this episode of the Friends With Money podcast, managing editor Julia Newbould is joined by Peter Bobbin, principal lawyer at Coleman Greig Lawyers, to explain your options when it comes to owning property, and reveal the possible bumps in the road you may not have considered.
Listen on Apple Podcasts: https://apple.co/3mV0Cbr
Listen on Google Podcasts: https://bit.ly/3qGfsoL
Listen on Spotify: https://spoti.fi/3fSPI2h
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