Miranda Bell and Alan James have been running a small business partnership successfully for a few years, they have also been personally involved for a few years and getting married in a few months. They are excited about buying their first home together, and are 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 both legal and the equitable interest in the property that they purchase. They plan to have children in the future; they both come from large extended families.

NB: You must give reasons for the advice that you give to them, which means identifying and explaining the title, and how they should own it together. Therefore, relating it to the facts of the scenario.