What are tenants in common?
A Tenant in Common is often used where the buyers of the property are friends, business associates or relations and they have pooled their funds to purchase the property. Married couples may also own property as Tenants in Common. Unlike Joint Tenants when one proprietor dies, that persons interest does not automatically vest in the other Tenant(s) in Common. The Executor or Administrator must administer the will or letters of administration of the deceased proprietor. Tenants in Common may hold property in equal shares or the shares can be apportioned to reflect each owner’s contribution. Tenants in Common can request to have a separate Certificate of Title for their share of the property. This is authorised by section 74 of the Real Property Act 1886. For fees which are applicable for the issue of new titles refer to our website at www.landservices.sa.gov.au What are Joint Tenants? Joint Tenant ownership is more commonly used by married couples and others in similar relationships. It
