Aisha and Tunde (not real names) recently bought a beautiful home, but the big question was how to hold the title together. They learned that there are about two co-ownership styles in Nigeria:
The Joint Tenancy
Equal interest: both own 100% together.
Survivorship right: If one dies, the other inherits automatically—no probate needed. Must meet the “four unities”: same deed, time, interest, and possession.
The Tenancy in Common
Defined shares: each can own different percentages (e.g., Tunde 60%, Aisha 40%).
No survivorship: If one dies, their share goes to their estate or heirs.
Each spouse can transfer or will their share independently.
Their Choice
They opted for joint tenancy—valuing simplicity and the automatic transfer if one passes away. But they also prepared a written agreement to record their intentions clearly and avoid future misunderstandings.
Key Takeaway for Couples:
Choose joint tenancy for unity, shared control, and seamless inheritance.
Pick tenancy in common when you need flexible, separate shares and the ability to pass your share as you wish.
No matter which path, ensure titles are clear and seek legal advice to match your long-term goals.
