Co-ownership

Question 1

Concurrent Ownership in Law

Answer 1

Where 2 or more people own the same freehold or leasehold estate in the same piece of land at the same time.

All co-owners are entitled to the possession of the land simultaneously.

Question 2

Concurrent Ownership: Trusts of Land

Answer 2

Whenever land is owned jointly, a trust of land (express or constructive) is imposed to reflect the contributions to the purchase price.

Legal title = no rights of enjoyment, just administrative and registered as legal owner.

Separates legal title to the land (trustees) from the equitable title (beneficiaries).

Equitable title - kept private and held by the beneficiaries.