Bruce Springwater and Alley Underwater are not only business partners (they run a small partnership), but are also engaged to be married, as well as negotiating a property purchase with the sellers of 24 Acacia Avenue as a residential property to live in.

They would like your advice on the best title to buy as a legal interest and also how they should hold the equitable interest in the property that they purchase.They plan to have children in the future;

they both come from large extended families.

please give reasons for the advice that you give to them,which means identifying and explaining the title(s), and how they should own it together.Therefore, relating it the facts of the scenario.