Tenancy-in-common – Property in Singapore for rent

Tenancy-in-common – Property in Singapore for rent

Tenancy-in-common is regarded by the law as owning separate and distinct shares (also referred to as “words of severance”) of the same property. The actual share of each tenant-in-common is clearly stated in the title. This form of ownership is most common where the co-owners are business partners or have contributed different amounts to the purchase of the property. Property in Singapore for rent.Tenants in common have no right of survivorship, meaning that if one tenant-in-common dies, that tenant-in-common’s interest in the property will be part of his or her estate and pass by inheritance to that owner’s beneficiaries or heirs, either by Will, or by intestate succession. As each tenant-in-common has an interest in the property, they may sell or otherwise deal with the interest in the property (e.g. mortgage it) during their lifetime, like any other property interest.

Each co-owner has the equal right to possessthe whole property. A tenant-in common has only unity of possession.

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