Tenants in common is when each person on the deeds and mortgage owns a defined share of the property. For example, a couple could own 50% each. If they decide to sell the home they would each receive their respective share. If one person dies, then their share falls to be dealt with under the terms of their will or intestacy if they do not leave a will.
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Moneda House, 25-27 Wellington Place, Belfast, BT1 6GD
