• Jointly owned property is any property owned by two or more parties, such as a husband and wife, business partners, friends or family members.
  • The risks of joint ownership are the possible financial problems with partial ownership of property, for example, when one party wants to sell his share.
  • Jointly owned property may take legal forms such as joint tenancy, which means that two or more property owners each have equal rights and obligations with respect to the property until their death.