I have a peice of land that I bought in 1984 and in the last few years my inlaws now own a 50% as tenants in common. Would I have to notify them if I wanted to use my half share to borrow againts to invest in some term deposits .
We can talk about most things but they are way to conservative to do anything like invest. Its ok for them as they already have approx $3m in property which they do nothing with .
Any suggestions ??You would not only have to notify them, but get their consent as all owners will need to take the loan out.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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