Property
Property Buying Tip #10: Co-Ownership
By Singapore Property Blog  •  March 13, 2013
Property Buying Tip #10: Co-Ownership

In Singapore, there are two forms of co-ownership for residential property.

(1) Joint Tenancy [right to survivorship]

Two or more parties have rights to the land as if they were a single owner. It also implies the right to survivorship i.e. when one party dies, his or her share automatically passes on to the other parties, over-riding any disposition by a Will or the rules on intestacy, and the process continues until the sole survivor becomes the absolute owner.

(2) Tenancy-In-Common [no right of survivorship]

Unlike joint tenancy, interests in this form of co-ownership contain no right of survivorship, where land is held by two or more persons but “words of severance” are used in the grant to show their intention to hold separate (even if they are equal) shares in the land.As such, if you are the sole owner or having a Tenancy-In-Common Ownership, it is important ...

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By Singapore Property Blog
Propwise.sg is a Singapore property blog dedicated to helping you understand the real estate market and make better buying, selling, renting and investing decisions – minus all the hype and misinformation ...
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