Document background
A Joint Tenancy Deed is essential when two or more parties wish to own property together as joint tenants under Australian law, rather than as tenants in common. This arrangement is commonly used by married couples, domestic partners, or business associates who want their interest in the property to automatically pass to the surviving owner(s) upon death. The deed must comply with relevant state/territory legislation and typically includes detailed provisions about property maintenance, financial obligations, and the process for severing the joint tenancy if required. It's crucial for the document to clearly establish the intention to create a joint tenancy and address all aspects of joint ownership, including shared responsibilities and rights of survivorship. The Joint Tenancy Deed must be properly executed and registered with the relevant land registry office to be legally effective.
