As a way of investing for the future, most people purchase and
own landed property, usually for residential, commercial,
industrial purposes. The general inclination towards investments in
landed properties is believed to be as a result of the appreciating
value of land or for the purpose of bequeathing same to successors.
In some cases, land may be owned jointly by two or more persons,
possibly because they all contributed to the purchase of the
property, inherited same jointly, amongst other reasons.
Joint ownership as the name implies, presupposes that each party
has a right of ownership in the land and can exercise such power
accruable to them on the property. However, the powers exercisable
on the land must be exercised jointly by the parties. That is, such
powers can only be exercised subject to the approval of both or all
owners. This was illustrated in a judicial decision where Mr. A
gifted landed property jointly to his two sons, Mr. B and Mr.
