You must be a co-owner of a property or intend to be a co-owner of property. We treat each person who owns or will own an interest in the property as a “Tenant-in-Common” as a co-owner.
Tenancy in common is a situation where a person has a proportionate interest in a property which can be dealt with separately to the interests of the other tenants-in-common in the property.
The shares of the tenants-in-common do not need to be equal. A more detailed explanation of tenancy in common will be provided when you receive independent legal advice from our lawyers.