You can co-own property with other people in one of two ways:
- As joint tenants; or
- As tenants in common
Where co-owners of property are tenants in common, each of the co-owners has a separate share of the property. The shares can be in any proportion, so they can be equal or unequal.
Unlike in a joint tenancy, when one tenant in common dies their share in property can be passed on under their will, just like other assets.