When you purchase a property, you can buy it in your personal name, a company name or even a trust. The trust must be set up before hand and have a trustee to manage the trust (which could be yourself or a company you own). Now, why should you undertake a complex procedure like this to…
On Monday 1 December 2014, the Property Agents and Motor Dealers Act 2000 (PAMDA) was repealed and the following four new pieces of Queensland legislation came into force: Property Occupations Act 2014 Motor Dealers and Chattel Auctioneers Act 2014 Debt Collectors (Field Agents and Collection Agents) Act 2014 Agents Financial Administration Act 2014 PAMDA continues…
Co-ownership refers to the legal relationship shared by two or more people over an interest in property. Under Queensland law, co-owners are registered as either joint tenants or tenants in common. Knowing the difference between the two and recognising which kind of co-ownership you require is key to determining your rights, interests and obligations. Joint…