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Land law: advice to Albert over co ownership Albert, Bertram and Clarissa are all parties in a hotel business, with all of them contributing different amounts to the initial purchased price of £1,000,000. Albert contributed £500,000, Bertram £300,000 and Clarissa £200,000. The estimated value of the business at present is £2,000,000 but Albert now wants the business to be sold to fund his impending retirement. Both Bertram and Clarissa appose to this so I am compiling a report to advise Albert on how he can combat this situation. This type of ownership is called co ownership, otherwise known as concurrent ownership. In the past there used to be various forms of this but today there are only two. These being joint tenancy and tenancy in common. The essential characteristics of joint tenancy are the right of survivorship and the four unities. The right of survivorship is when a...

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