Document background
A Declaration of Trust Joint Tenancy is a crucial legal instrument used in Ireland when two or more parties wish to formally document their joint ownership of property. This document is particularly important when parties acquire property together and need to establish clear legal rights and responsibilities. It is commonly used in both residential and commercial property contexts, whether between family members, business partners, or other co-owners. The declaration must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and should be registered with the Land Registry where appropriate. The document typically includes details about financial contributions, property management, decision-making processes, and importantly, establishes the right of survivorship characteristic of joint tenancies. It serves as crucial evidence of the parties' intentions regarding property ownership and can help prevent future disputes.
