What to know
- Record ownership shares and who contributes the deposit and costs.
- Agree how bond, rates, levies and improvements will be funded.
- Set a process for selling, buying one owner out or dealing with default.
- Consider wills, insurance and death or incapacity planning.
Professional advice
This guidance is general information. Where legal, tax, structural, compliance or regulated-work consequences may apply, obtain advice from an appropriately qualified professional for your circumstances.
Important Information
The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.
