Hi,
1) In order for your daughter to be a legal co-owner. She must have reached the legal age of 21 yrs old.
2) There are 2 types of ownership available for 2 or more owners in a property; Joint-Tenancy or Tenancy-In-Common.
3) The former is the most popular ownership, that is all owners will have an equal share of the property.
4) The latter type can decide how many shares each owner owned; it can be 50/50, 60/40, 70/30, 80/20, 90/10, and other types of combination. All owners have to decide how much each owner is entitled to the property.
5) If you are using Joint-Tenancy, then it is apparent that your daughter will get a 50% share once the flat is sold, even she has never paid a single cent to the property.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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