3 Nov 2015
Peterborough office
48 Broadway, Peterborough Cambridgeshire, PE1 1YW
01733 346 333 01733 562 338 enquiries@hegarty.co.ukStamford office
10 Ironmonger Street, Stamford Lincolnshire, PE9 1PL
01780 752 066 01780 762 774 enquiries@hegarty.co.ukOakham office
66 South Street, Oakham Rutland, LE15 6BQ
01572 757 565 01572 720 555 enquiries@hegarty.co.ukMarket Deeping office
27a Market Place, Market Deeping, PE6 8EA
01778 230 120 01778 230 129 enquiries@hegarty.co.uk3 Nov 2015
This depends on how the property is owned.
When you purchase the property, your solicitor will ask whether you wish to co-own as joint tenants or tenants in common. If you are joint tenants, you are treated legally as one owner. When one party dies, their half of the property passes automatically to the other party. Tenants in common own separate, distinct shares. This will usually be 50:50, but you can specify if you wish to own different-sized shares.
When you die, your share in the property will not pass to your partner automatically, but will instead form part of your estate and pass according to your will or the intestacy rules if you do not have a valid will.
