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Faqs

FREQUENTLY ASKED QUESTIONS ABOUT PROPERTY CO-OWNERSHIP

20 Results Found

Selling the Property if you can’t agree on a buy out

Co-Owners might decide to go their separate ways. It happens. Our co-ownership agreement includes rights to buy out and rights to sell out. However if

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Can all co-owners receive the First Home Owners Grant?

To receive the First Home Owners Grant (FHOG) all co-owners must meet the eligibility criteria, otherwise the grant is forgone. However, co-owners will only receive

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What is in the letter of advice prepared by PodProperty’s lawyers?

As part of our service, PodProperty arranges a letter of legal advice explaining the PodProperty Co-Ownership Agreement and how it affects your legal rights and

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What happens if I am contributing more to the deposit?

A common question is what happens if someone contributes a greater share towards the deposit, but you still want to own the property in equal

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Accounting issues resolved: How do you account for income from rent if you are a co-owner?

If you derived rent jointly (or in common) with another person from a jointly held property where you were not a member of a partnership

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What happens if I don’t have a co-ownership agreement? Can I force my co-owner to sell?

Where the co-ownership is not working out, the common sense approach would be to sell the property and divide the proceeds of sale. This is

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What is the First Home Owners Grant?

The First Home Owners Grant is a scheme established by the government to help first home buyers to purchase their first home by offering a

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What is the difference between tenants in common and joint tenancy

Joint tenancy is the holding of property by two or more persons in equal shares. If one owner dies, his or her share will automatically

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Mortgage Default: What happens if I am a co-borrower and one of us defaults?

Remember that if you are co-borrowers, you are jointly and severally liable for each other’s debts. Under standard mortgage documents, borrowers are typically in default

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Is it better to be tenants in common and joint tenants?

Tenancy in common is a principle of property law in Australia that allows two or more people to own property together. Unlike joint tenancy, each

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Do I need to obtain independent legal advice?

If the parties to the agreement are married, de-facto or in a domestic relationship, each party must have received independent legal advice and have obtained

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How does group finance work?

Presently, Australian lenders do not offer separate loans for people who borrow together to purchase a property. Please note that co-borrowers will be jointly and

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Is the PodProperty Co-Ownership Agreement suitable for me?

You must be a co-owner of a property or intend to be a co-owner of property. We treat each person who owns or will own

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Am I in a de facto relationship?

The term “de facto relationship” is defined in the Property (Relationships) Act 1984, a copy of which can be reviewed here. In determining whether two

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Questions & Answers About Property Co-Ownership in Australia

If you have a question about property co-ownership, tenancy in common, co-ownership contracts & agreements, PodProperty or the services we offer, scan over the answers

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What is a Co-Ownership Agreement or Co-Ownership Contract?

The term “co-ownership agreement” refers to a contract between parties who own property together as “tenants in common”. It can cover many different types of

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Selling a share in a co-owned property. The Co-Ownership Agreement explained

PodProperty’s Co-ownership Agreement deals with what happens if one of you wants to sell their share in the property. The following options are available to

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What is in the PodProperty Co-Ownership Agreement?

The PodProperty Co-ownership Agreement regulates the relationship between the co-owners by including the following provisions: an indemnity in respect of each co-owner against liability caused

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How does PodProperty compare to its competitors

PodProperty has been operating in this niche for the last 7 years with great success. Our co-ownership agreement is considered industry leading and is used

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Co-Ownership Agreement Template

If you are purchasing a property together with someone else, whether that be a friend, family member, or romantic partner, you absolutely need a co-ownership

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Gain access to Australia's booming residential property market

We have been operating in this niche for 12 years and our agreement is considered industry leading.
We charge just $450 per co-owner and include unlimited revisions.

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