Co-ownership and Joint Tenancy (Part 1) | Land Law
Subscribe to my personal channel for videos on how to study law effectively & efficiently: / @heygarethevans Co-ownership may be deliberate: conveyed to 2 or more co-owners. Land may be owned by one person; or there may be co-ownership. Most commonly when a couple buy a house to live in as a family home, the land will be owned by more than one person. Co-ownership may arise by operation of law: where, for example, one person contributes to the purchase price of property bought by another and thus acquires and equitable interest in the property under an implied trust. There can be co-ownership of the legal title or of the equitable interest or of both e.g. husband and wife may be co-owners in law and equity. OR, one of them could own the legal estate, but hold it on trust for himself and his wife.
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Once again more useful than law school - my university has decided not to cover Joint Tenancy and Tenancy-in-Common in Land Law, and leave just two paragraphs on one page in Equity...
Thank you very much for your excellent videos!!! So helpful. Studying for my Qualifying Attorney transfer exam. July 2021
Can you please explain a bit more about co ownership in equity
Thank you for the video.
@digestiblelaw4647
3 жыл бұрын
Thank you for watching 😊
Since my mum died my siblings want me to deduct some of my inheritance from my mum as myself and my husband have brought half of my mum's 2rd home and it is a a joint tenancy which means the other half of the house automatically goes to us both now my mum has passed away. How much deduction of inheritance should I take off because of having joint tenancy property ownership?
What happens when the trustee Act 1925 limits the division of legal entitlement of the property to up to 4 members and there are 5 members who have purchased the property? For example, A, X, Y, Z, and B purchased land and the B becomes the beneficial owner of the property with everyone whereas A, X, Y, and Z becomes legal owner of the property. When A dies, would the legal ownership be divided amongst X, Y, and Z or the B would also become a legal owner, or would the legal heir of A would be entitled to the share of A?
Does joint tenancy with rights to survivorship eliminate or extinguish debts of the deceased person. This to include judgements and liens on a property, real property was held between husband and wife. What happens to these debts is surviving spouse responsible for these debts accrued how does one go about paying off liens and judgements also if a home has a mortgage but the mortage is not from a bank but a private seller and the mortage holder died who do you pay the balance of the mortage when mortgage lender does not have any wife or kids or estate maybe just a sibling.
This is sooooooooooo amazing pls make more videos
@digestiblelaw4647
3 жыл бұрын
More videos coming! 👍🏻
What is Co-ownership? What does its topic cover?
@digestiblelaw4647
4 жыл бұрын
Co-ownership is about the ownership of land. If one person owns land they are the sole owner, but if more than one person owns a plot of land then they are co-owners. There are two types of co-ownership in law: joint tenancy and tenancy in common. In this area of law, you want to learn about these topics, joint equitable ownership, a basic knowledge of trusts of land, and severance. Thanks!