Hi,
1) Joint tenancy is one type of property ownership.
2) The uniqueness of this is "Right of survivorship", meaning survivor takes all.
3) You don't have to make any arrangement in order to pass the ownership to the other joint tenant/s.
4) Only if your ownership type is Tenancy-In-Common, then you have to make arrangements according to your will. Otherwise, it will distribute according to the intestate succession act.
5) If yours is an HDB flat, your share is free to the other joint tenant/s, because of the HPS you had purchased. This insurance will pay up whatever you own to the HDB or bank.
Hope the above answer to 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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