When discussing property law, the concept of an ‘interest’ is significant. An interest in property refers to a legal stake or other right that an individual or entity holds in a particular piece of real estate. This article explores the definition of property...
Traditionally, a “granny flat” is a small, secondary dwelling located on the same property lot as a primary residence. These homes were often used to allow an older person to live close to their family while maintaining some independence. Of course, a granny flat is...
Has a family member asked you to provide a guarantee for their home loan or personal loan? If so, you need to be clear about your obligations under a contract of guarantee. What is a guarantee? If a lender is concerned about a borrower’s capacity to repay a loan or...
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
Subdivision involves the partition of a parcel of land into smaller portions. Once land is subdivided, a ‘title’ is created for each new portion which can be separately sold and transferred. A subdivision may range from the partition of a single lot into two, to a...
Buying or selling property is often considered one of life’s major stresses. When you buy and sell property at the same time and try to complete both transactions together, this can add considerably to the stress. This is generally known as a simultaneous settlement...
