Co-ownership – A Cautionary Tale
Recent case law highlights the importance of understanding how property can be held jointly
Whenever property is jointly owned, there is the possibility of disagreement. The ongoing case of Kernott v Jones [2010] provides, in the words of Lord Justice Wall, “a cautionary tale” to all unmarried couples and the solicitors who advise them.
If you have already completed the Diploma course, you will be aware that there are only two ways to hold property in England and Wales – as a joint tenant or as a tenant in common. With only two options, you would think that couples entering into the world of home ownership should always get suitable legal advice. Unfortunately, this is not the case and it can be a very costly mistake.