BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Please note that the joint tenant may sell their estate shares only with the consent of the other tenant(s). However, share transferral leads to the severance of the joint tenancy agreement, and the new co-owner must sign a new deal called tenancy in common with the other tenant(s).

Detailed explanation-2: -A co-owner of a property can transfer a commercial property to any outsider without consent of the other owner. Even if it is an undivided share, Co-Owner has all rights to enter in to any sale, mortgage, lease with a stranger..

Detailed explanation-3: -Also, where one co-owner is in exclusive possession of a plot of a joint land and lets it out to a tenant without the consent of other co-sharer landlords, such a tenancy will not bind the latter. The lease in such a case will only be confined to the interest and share of the lessor.

Detailed explanation-4: -1. A co-owner of a property is capable of selling his/her undivided share in the property provided the purchaser is willing to make a purchase in the said manner. the only other way is to partition a property, either through court or through a partition deed and then affect sale of divided property.