Question
Que 1 . What is the difference between holding land as joint tenants and holding land as tenants in common? How would you explain this
Que 1. What is the difference between holding land as joint tenants and holding land as tenants in common? How would you explain this difference to a client?
Qus 2. Shenzi, Timon and Nala are cousins and joint tenants in a property left to them by their grandmother in her will. Shenzi is your client and is in substantial debt. She tells you that she wants to sell the property and use the funds to reduce her debt but Timon and Nala do not agree. Schenzi tells you that she is going to go ahead and sell her share of the property anyway. Can she legally do so? Advise Shenzi of any options she may have.
Qus 3. Bella, Rosalie and Alice are clients who have set up a partnership as florists. Their business is thriving, and they no longer wish to rent retail premises, but buy their own. They have found an appropriate shop, and settlement is in one month. They seek your advice as to whether they should co-own as joint tenants or tenants in common. Advise them, giving reasons for your answer.
Qus 4. Edward, a client, has recently bought land in Sydney on which he intends to build an office building. His architect has informed him that the placement of the building on the block is limited because of an easement on the land held by Sydney Water.Explain to Edward what that means.
Qus 5. Priya has recently bought a strata title unit in South Australia and her brother Gani, has bought a strata title unit in Victoria. Is there any difference in the boundaries of what they own under the strata title system in the two states?
Qus 6. Margaret intends that her property development will maintain its value and character. She wishes to set limits on the design of the residential buildings and the materials to be used, and to have these limits apply well after she has moved on to other projects. What legal process would you recommend she use? Why?
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