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Thomas, Lawyer
Category: UK Property Law
Satisfied Customers: 7618
Experience:  BA (Hons), PgDip, Practising Solicitor
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Please can someone tell me. as my parents are tenants in common,

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Please can someone tell me. as my parents are tenants in common, does this mean that they each own half the property in their sole names?



Thanks for your question.


Yes, if your parents own their property as tenants-in-common then there is a presumption that each party owns 50% interest in the equity in the property (the money left over once any mortgage has been deducted.


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