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Save Declaration of Trust Template in PPR

Save Declaration of Trust Template in PPR

Aug 6th, 2022

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How to Save Declaration of Trust Template in PPR

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Property can be owned jointly in two ways: as joint tenants or tenants in common. In joint tenancy, when one owner dies, the surviving owner automatically inherits the property. Conversely, in tenants in common, each owner holds a defined share, which passes according to their will upon death. This ownership style is often more appropriate for cohabiting couples, friends, or family members, where clear intentions need to be documented. In such cases, a tenancy in common outlines each owner's respective shares, ensuring that the ownership structure aligns with the parties' intentions regarding occupation or investment in the property.

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