Document background
The Tenants in Common Deed is a fundamental legal document used in Irish property law when two or more parties wish to own property together while maintaining separate and distinct shares. This arrangement is commonly used by business partners, family members, or investors who want to own property together while retaining individual control over their share. The deed becomes particularly important in Ireland due to specific requirements under the Land and Conveyancing Law Reform Act 2009 and related property legislation. It provides essential protection for co-owners by clearly defining ownership shares, establishing management protocols, and setting out rights and responsibilities. This type of deed is distinct from joint tenancy arrangements and is particularly useful when co-owners want to pass their share to beneficiaries of their choosing rather than having it automatically transfer to surviving owners.
