In New Zealand, when purchasing a property personally with another party you can choose to own the property as Joint Tenants or Tenants in Common. Deciding which form of ownership to use depends entirely on your personal circumstances. The differences between Joint Tenants and Tenants in Common are explained briefly below. JOINT TENANCY Joint tenancies arise when two or more people (‘joint tenants’) buy a property together and their shares in the property are undivided and undefined. One important feature of a joint tenancy is the right of survivorship. This means that when one of the joint tenants dies, their
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