Document background
The Declaration of Trust Joint Tenants is a vital legal instrument in Irish property law, used when two or more people wish to own property jointly with the right of survivorship. This document is particularly important in situations where co-owners want to ensure their share automatically passes to the surviving owner(s) upon death, rather than forming part of their estate. It's commonly used for family homes, investment properties, or any real estate where multiple parties wish to establish clear joint ownership rights. The declaration must comply with Irish legislation, including the Land and Conveyancing Law Reform Act 2009 and the Succession Act 1965, and requires careful drafting to ensure all legal requirements are met. It typically includes detailed information about the property, the joint tenants' respective rights and obligations, provisions for property maintenance and expenses, and procedures for decision-making and potential severance of the joint tenancy.
