The note explains the recent introduction of form JO by the Land Registry and outlines the benefits of both parties recording their intentions and interests at the time a property is jointly purchased. This clarification can help to prevent disputes at a later date, especially when the parties are buying property in unequal shares.
The documents notes “the many difficulties surrounding the law in this area”, adding:
“There has always been some uncertainty regarding the position of joint owners who have not made an express declaration of their interests.”
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