Asked by Anonymous
Hi, kindly advise as follows:-
Party A & Party B owned a 4-room HDB (already fully paid with no outstanding loans) under joint tenancy.
Is it possible to change to “Tenancy In Common”?
- If so, who has the right to request for the change? (flat was 3/4 paid by Party A & 1/4 paid by Party B).
- Will it be handled by HDB or a lawyer has to be engaged? - Is there any way to transfer the ownership of either party to the children (already > 21 years old).
Party A & Party B owned a 4-room HDB (already fully paid with no outstanding loans) under joint tenancy.
Is it possible to change to “Tenancy In Common”?
- If so, who has the right to request for the change? (flat was 3/4 paid by Party A & 1/4 paid by Party B).
- Will it be handled by HDB or a lawyer has to be engaged? - Is there any way to transfer the ownership of either party to the children (already > 21 years old).
370 views
Thank you for the clarification.
Can I also know whether both parties have to be divorced in order to proceed with the change?
If both parties agreed, does the children has to return the 3/4 amount paid by Party A?