Question
A few months later Derek comes into your office and meets with Mr. Davidson. You are present at the meeting and have taken notes. Derek
A few months later Derek comes into your office and meets with Mr. Davidson. You are present at the meeting and have taken notes. Derek has purchased a property in Australia and need advice. Mr Davidson has asked you to prepare a letter of advice to Derek, to be approved by Mr Davidson, in response to the following questions asked by Derek.
1.what laws govern property ownership in Australia? Do I get any paperwork to prove I am the owner?
2.I may want to purchase a second property with my business partner in the future. how should our names be registered?
3.I have heard about easements and covenants, what do these things mean? Am I bound by existing easements and covenants if I purchase a property ?
4.If I use this property as an investment and rent it out to a couple,do I have to comply with any laws? what rights do I have as a landlord? Do the tenants have any rights or obligations?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started