understanding financial jargon
In Scottish law, property held by two or more persons, with each person's share of it specifically defined is called Common Property. On the death of one person, the assets pass to the estate, not the other parties. It is the Scottish equivalent of 'tenancy in common'.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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