Co-ownership:

• Co-ownership


  Where two or more persons own property together, either as joint tenants or tenants in common
• Joint tenancy


  A form of co-ownership where each co-owner has an undivided share in the whole property and the right of survivorship
• Tenancy in common


  A form of co-ownership where each co-owner has a distinct share in the property and no right of survivorship
• Right of survivorship


  The right of a joint tenant to inherit the deceased co-owner's share of the property automatically
• Severance of joint tenancy

  The process by which a joint tenancy is converted into a tenancy in common
• Unilateral severance


  Severance of a joint tenancy by one co-owner acting alone, often by serving a notice or selling their interest
• Mutual severance


  Severance of a joint tenancy by agreement between the co-owners
• Severance by court order


  Severance of a joint tenancy by order of the court, often in the context of relationship breakdown
• Beneficial interest


  The equitable or economic interest in property, as distinct from the legal title
• Resulting trust


  A trust implied by law where property is transferred without consideration, and the transferor is presumed to retain the beneficial interest
• Constructive trust


  A trust imposed by law to prevent unjust enrichment or give effect to the parties' common intention
• Section 36, Law of Property Act 1925


  A statutory provision allowing the court to order the sale of co-owned property and distribute the proceeds between the co-owners
• Occupation rent


  Rent payable by a co-owner who has exclusive possession of the property to the other co-owner(s)
• Improvements


  Work done to the property that increases its value, which may be taken into account when distributing sale proceeds between co-owners
• Equitable accounting


  The process by which the court determines the financial contributions and benefits of each co-owner in order to achieve a fair distribution of sale proceeds