Joint tenancy – Property in Singapore for rent
In a joint tenancy, each owns all the property. When one joint tenant dies, his interest disappears immediately upon his death. His interest will automatically go to the surviving joint tenant or tenants, superseding the instructions in any Will. This is known as the right of survivorship of the surviving co-owners. Since the survivor already owns all the property, nothing passes or is transferred under any Will. Property in Singapore for rent.There are no words of severance to indicate the share of each owner. In a joint tenancy, every co-owner has equal share of the property. Regardless of the proportions in which the parties may have actually contributed to the purchase price, any proceeds of sale shall be divided equally.
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