Allocation of a purchasers ownership share if they die
Edited
What’s this about?
Determining how co-purchasers want to allocate their ownership stake in the event of their death is an important part in the registration of ownership in the property. There are different ways that the property can be registered, and they have implications on how the ownership stake is split in the event of a co-purchasers death. In deciding how to allocate ownership, all co-purchasers should be consulted.
Why does it matter to Ownright?
How the co-purchasers want their ownership stake to be allocated in the event of their death impacts how we register ownership of the property. We will confirm a purchasing group's preference in the signing meeting that happens a few days before closing day.