Under English law co-ownership must take place by way of trust, this being the trust of land. It is an equitable right which divides the legal ownership of property from equitable.

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   Under English law co-ownership must take place by way of trust, this being the trust of land. It is an equitable right which divides the legal ownership of property from equitable. While the trustee enjoys legal ownership and also holds land on behalf of the beneficiaries, the beneficiaries are the equitable owners and are entitled to the value of the property. Although at common law the trustee is the absolute owner of trust property and beneficiaries have no right at all. Concurrent ownership of land arises in a situation where two or more people are simultaneously entitled to enjoy the rights of land, either leasehold or freehold. The law of co-ownership is to be found in the Law of Property Act 1925 and the Trust of Land and Appointment of Trustees Act 1996, at common law, which significantly amended the 1925 Act in relation to co-ownership. Prior to the 1925 reforms the legal relationship between individual co-owners could take several forms subsequently causing numerous problems. However since 1926, co-ownership is recognised ether by way of joint tenancy or a tenancy in common. These two forms regulate the sharing of ownership; however they essentially differentiate in the aspects of the nature of rights that are conferred on the owners.

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   When land is subject to a joint tenancy, each owner is treated as being entitled to the whole of that land. There is only one formal title to it which is jointly owned and no single co-owner can claim a greater right over the land. A joint tenancy, stated by Lord Brown- Wilkinson, “operates so as to make them, vis- a- vis the outside world, one single owner.” The two principle features of a joint tenancy are the right of survivorship and the four unities. Before a joint tenancy can exist the four unities, which are possession, interest, time and ...

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