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owning property jointly and declarations of trust it is very common for people to own property with another person as you may be aware there are two forms of joint property ownership joint tenants and tenants in common for joint tenants when a when an owner dies the surviving owner automatically becomes the sole owner of that property on the other hand for tenants in common each owner of the property will have a defined share in that property this means that in the event of a death of one of the anus then this then their share will pass in ance with the terms of their will examples of where owning property as tenants in common will be more appropriate than owning property as joint tenants include cohabiting couples co-owning friends or family members the property may be jointly occupied or it may be an investment property in these circumstances it will be important for the intentions of the parties to be properly recorded a straightforward tenancy in common simply sets out each owners
