Consultation Paper on Accounting and Contribution between Co-Owners of Land

34 Pages Posted: 17 Jul 2011

Date Written: May 27, 2011

Abstract

Ownership of land is associated with many expenses: property taxes, utility charges, mortgage pages, and insurance premiums to name a few. It can also yield economic returns such as rental income and profits from growing crops. When land is held in co-ownership (joint tenancy or tenancy in common), expenses may not always be borne and economic benefits may not be received in proportion to the co-owners’ interests, or in another manner that is equitable in the particular circumstances. The body of law that governs rights with respect to accounting and contribution between co-owners is surprisingly unclear and archaic. It is also deficient in a number of ways.

Keywords: land, real property, housing, tenancy & neighbours, joint tenancy, Land Title Act, Property Law Act

Suggested Citation

Law Institute, British Columbia, Consultation Paper on Accounting and Contribution between Co-Owners of Land (May 27, 2011). Available at SSRN: https://ssrn.com/abstract=1886645 or http://dx.doi.org/10.2139/ssrn.1886645

British Columbia Law Institute (Contact Author)

British Columbia Law Institute (BCLI) ( email )

1822 East Mall
Vancouver, British Columbia V6T 1Y1
Canada

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