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TGB Senior Associate Adam Osborne and Associate Eric Metcalf answer a common legal question. What Does “Joint Tenants” and “Tenants in Common” Mean? The terms “joint tenants” and “tenants in common” are used to refer to two different types of joint ownership of property. Usually, these...
Read moreBuying or selling a property is often one of the biggest financial transactions a person will ever make – so it’s surprising how many people rush through the legal process, unaware of the risks that can arise from seemingly minor oversights. As a lawyer practising in property law, I’ve seen how easily things can go...
Read moreThe above picture is a useful illustration of joint tenants versus tenants in common. In South Australia, property can be owned by couples in two ways – as joint tenants or tenants in common. Understanding the difference between these types of ownership is crucial, particularly for those in blended families or anyone wanting...
Read moreAustralia is experiencing a period of very low rental vacancy rates and rapidly rising rent levels, pushing many young people to enter the housing market. Most of the information currently being promoted to new home buyers is about rising interest rates and mortgage burdens. To break that trend, we thought it might be useful...
Read moreRetirement villages often offer a good alternative to home ownership for people who want or need a convenient and less demanding place to live. Prospective residents should, however, be aware of what they are signing up for, and in particular what will happen when they eventually leave the village. How Retirement Village contracts...
Read moreIf notice is required under the PDI Act, the prescribed notice must tell the neighbours what work is to be done on the neighbours' land, when it will commence and when it is expected to end. The notice must be given at least 20 days before the work commences.
Read moreWhen signing your contract for purchase of land, home buyers should take care to ensure that the finance figure in the contract is no less that what they will apply to borrow.
Read moreThink carefully before you decide not to serve a disclosure statement on renewal of a commercial lease.
Read moreAn increasingly common way to get into the property market these days is buying a property with another person. Whilst there are a whole host of reasons as to why you might find yourself buying a property with another, the most common matchups are: • With a friend or sibling for investment purposes; and • A mum or dad co-owning...
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