Joint security

Joint security occurs when two or more owners jointly mortgage their commercial property to secure financing. All co-owners are registered in the mortgage deed and remain jointly and severally liable for the debt.

This structure is common when business premises are held by partnerships or cooperatives. For lenders, it reduces risk exposure by distributing liability across multiple parties, each with a direct stake in loan repayment. In case of default, creditors may pursue any or all co-owners for full recovery.