Hi
In the case of 2 parties purchasing a property together with each party taking out separate loans (not joint loans) for 1/2 of the property each, is the % owned by each party defined in the contract of sale or elsewhere ?.
ie does it say anywhere on any doco that is routinely used in a property transaction that Person A owns 50% and Person B owns 50% or any other % combination. ?
In the case of 2 parties purchasing a property together with each party taking out separate loans (not joint loans) for 1/2 of the property each, is the % owned by each party defined in the contract of sale or elsewhere ?.
ie does it say anywhere on any doco that is routinely used in a property transaction that Person A owns 50% and Person B owns 50% or any other % combination. ?