What is a Shared Title Deed?

A shared title deed is a type of deed that indicates a property is owned by more than one person or entity Each owner holds a certain share of the property, and these shares are specified in the title deed

Shared title deeds are commonly used for properties inherited among multiple heirs or in cases where multiple individuals have ownership of a property. For example, a family inheritance such as land or an apartment building can be registered with a shared title deed. Each heir or shareholder owns a specific percentage of the entire property, and these percentages are specified in the title deed record.

n shared title deeds, transactions such as the sale or transfer of the property typically require the approval of all co-owners Additionally, one cannot place a mortgage or any other liability on a joint property without the consent of all co-owners.”

Shared title deeds are important for providing clarity regarding property ownership and protecting the rights of property owners The rights and responsibilities of each co-owner are specified in the shared title deed document and are protected by laws.”