Property Matters (A Case Of 53 Cross Street And Swettenham Cottage)

Property MattersNameCourse CodeProfessorDateProperty Matters53 Cross StreetCase IssueThis case concerns the ownership of an investment property purchased in 2005 by two brothers, Denver and Watson. Watson provided £150,000 of the £200,000 appraised value, with Denver providing the remainder of £50,000. Denver did not want to be listed on the title deed then; thus, the estate was only filed in Watson’s identity. Denver covered the property’s maintenance costs and six months’ worth of energy bills in 2010. Denver and Watson are currently alienated due to a domestic dispute, and Watson is in the process of the property’s sale. Denver is curious about his ownership stake in the property and his potential financial benefits from the sale.Renovations were required in the construction of the house, which Denver accounted for. The utility bills for the property amounted to £8,000; meanwhile, Watson is selling the house for £300,000. It is considered under English law that when two or more persons buy property jointly, they hold it as joint tenants until there is contrary evidence. It means they own the property equally and have an undivided interest. Should one