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LAND TITLE ACT 2000 - SECT 59 Severing joint tenancy

LAND TITLE ACT 2000 - SECT 59

Severing joint tenancy

    (1)     A registered owner of a lot that is subject to a joint tenancy may unilaterally sever the joint tenancy by registering a transfer executed by the registered owner.

    (2)     The Registrar-General must not register the instrument of transfer unless the registered owner satisfies the Registrar-General that a copy of the instrument has been given to all other joint tenants.

    (3)     On the instrument of transfer being registered, the registered owner becomes entitled as a tenant in common with the other registered owners.

    (4)     If there are more than 2 joint tenants of the lot, the joint tenancy of the other registered owners is not affected.