23 July 2021
Trustees holding property as joint tenants
My two clients are purchasing a property as trustees. For the purpose of preparing the transfer document, would they hold the property as joint tenants or tenants in common in equal shares?
Thank you for the question.
The following is an extract from the By Lawyers Trusts commentary:
… If there is more than one trustee, then their interest in the property is held as joint tenants.
Regards
Mentor
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