PodProperty assists Tenants In Common (rather than Joint Tenants - see difference below) with Co-Ownership Agreements, Group Finance and Conveyancing all around Australia.
For your information:
Joint tenants hold the entire property jointly with another or others. This type of holding is commonly used by married couples, not friends or family members.
In a joint tenancy, if one person dies, that person's interest transmits to the survivor, even if the joint tenant who died had no will.
Joint tenancy is the least flexible form of property co-ownership. The co-owned property cannot be dealt with by either party acting by themselves.
Tenancy in Common
PodProperty specialises in helping tenants in common. Tenants in common may hold a property in equal or unequal shares eg. 50/50 or 1/8 and 7/8ths.
Tenants in Common own separate interests in the same property (kinda like owning shares in a company). Each person does not have exclusive possession of any part of the property.
This type of property co-ownership has many benefits including being able to bequeath the property in your will to whoever you like.
For more information about the differences between Tenancy in Common and Joint Tenancy and the importance of a Co-Ownership Agreement, see
What is in the PodProperty Co-Ownership Agreement
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