Notice Of Severance Of Joint Tenancy Template UK

The Notice Of Severance Of Joint Tenancy Template UK is offered in multiple formats, including PDF, Word, and Google Docs, and features editable and printable samples.

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Notice Of Severance Of Joint Tenancy Template UK

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Notice of Severance of Joint Tenancy Template UK

1. Parties Involved



2. Property Information

3. Severance Details

4. Acknowledgment of Severance

5. Notice Delivery Method

6. Confirmation of Receipt

7. Signature and Date



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WORD

Examples

Notice Of Severance Of Joint Tenancy Template UK (1)
From:
[Name of the First Joint Tenant]
[Address of the First Joint Tenant]
[Email of the First Joint Tenant]
To:
[Name of the Second Joint Tenant]
[Address of the Second Joint Tenant]
[Email of the Second Joint Tenant]
Date:
[Date]
Subject:
Notice of Severance of Joint Tenancy
Introduction:
This Notice is issued to formally communicate the intention to sever the joint tenancy currently held by [Names of the Joint Tenants] on the property known as [Property Address].
Clause 1: Reasons for Severance
The reason for severance is as follows: [Detail the reason for the severance, e.g., change of relationship status, financial changes, or personal preference].
Clause 2: Acknowledgment of Joint Ownership
As joint tenants, we acknowledge that we have equal rights to the property. This Notice serves to inform you that I wish to sever this joint tenancy and convert it into a tenancy in common.
Clause 3: Effect of Severance
Upon the severance of the joint tenancy, the shares in the property will be divided equally or as agreed, whereby each party will hold a distinct share of the property rather than jointly.
Clause 4: Future Steps
I propose that we meet to discuss the consequences of this severance and to formalize the distribution of shares in the property. Please advise on your availability for this discussion.
Acknowledgment
Please acknowledge receipt of this Notice and your agreement to the proposed severance by signing below.
[Signature of the First Joint Tenant]
[Printed Name of the First Joint Tenant]
Notice Of Severance Of Joint Tenancy Template UK (2)
From:
[Name of the First Joint Tenant]
[Address of the First Joint Tenant]
[Email of the First Joint Tenant]
To:
[Name of the Second Joint Tenant]
[Address of the Second Joint Tenant]
[Email of the Second Joint Tenant]
Date:
[Date]
Subject:
Notice of Severance of Joint Tenancy
Introduction:
This document serves as a formal notice to inform you of my intention to sever the joint tenancy that exists in relation to the property located at [Property Address], held jointly by [Names of the Joint Tenants].
Clause 1: Grounds for Severance
The grounds for this severance are as follows: [Explain the grounds, such as changes in ownership intentions or personal circumstances].
Clause 2: Joint Ownership Recognition
It is recognized that we hold the property as joint tenants, but effective immediately, I wish to change that status to a tenancy in common, whereby distinct shares in the property will be allocated.
Clause 3: Implications of the Severance
Following the severance, the property will no longer be held jointly, and each party will have their own share as stipulated in the forthcoming agreement.
Clause 4: Proposed Actions
I suggest that we arrange a meeting at your earliest convenience to discuss how the severance will be executed and to outline the new division of share.
Confirmation
Please confirm receipt of this Notice and your understanding by signing below.
[Signature of the First Joint Tenant]
[Printed Name of the First Joint Tenant]

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PDF – 1 PDF – 2

Notice Of Severance Of Joint Tenancy Template UK