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Co-ownership essay In order to advise these parties effectively we need to look at the situation they have found themselves in. The first thing to consider when assessing this question is the nature of the ownership of the cottage as it stands when the purchasers bought the property. We are told that the cottage was purchased in the name of both Julian and Dick and they are the legal owners of the property as it is they who are named on the legal documents they. Co- ownership is described as being the forms ownership in which two or more persons are simultaneously entitled in possession to an interest or interests in the same property. There are four types of co-ownership but the one which we are concerned with here is joint tenancy. Joint tenancy is said to be the form of co-ownership in which each 'joint tenant' is said to be...

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