Four siblings, Moana, Joseph, Betty and Angela are in the market to purchase a residential property together. They intend to be registered as co-owners in their individual names.

Explain to them how they could hold co-ownership as purchasers of a residential property. You will also need to make comment on what would happen to the property if one of the four died.

Answer rating: 100% (QA)

Answer Coownership The law of the land If one person owns land or property he or she is the sole legal owner If two or more people own land or property they are coowners Where there is coownership of ... View the full answer