All Topics / Help Needed! / What does a title look like?? Quick question about whats on the title

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  • Profile photo of AndrewHAndrewH
    Participant
    @andrewh
    Join Date: 2010
    Post Count: 40
    June 12, 2010 - 4:47 am

    If you have went 99% – 1% does it show that on the title or it just shows both names on there?

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    June 12, 2010 - 7:29 am

    Hi Andrew

    I'm not sure how it actually appears on the title document but the Qld instructions for completing a "Transfer of freehold land" state, "Where there are two or more transferees, the tenancy must be stated (i.e. joint tenants or tenants in common). If transferees are tenants in common, the shares of each tenant must be stated. Shares must be stated in fractions and not as percentages."

    Based on this, my guess is the fractions would be shown on the title itself.

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
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