Hello,
I purchased a property in Melbourne with my wife as a tenants in common, where I have 20% ownership and my wife has 80%. Now, the lot is going to be subdivided into 3 lots and 3 houses will be built. Therefore, there will 3 titles, one for each house. I wonder if I can change the proportion of ownership once the houses have been built, let's say, for me 50% and my wife 50% for each lot subdivided. I appreciate any assistance with my question.
Thanks in advance,
I purchased a property in Melbourne with my wife as a tenants in common, where I have 20% ownership and my wife has 80%. Now, the lot is going to be subdivided into 3 lots and 3 houses will be built. Therefore, there will 3 titles, one for each house. I wonder if I can change the proportion of ownership once the houses have been built, let's say, for me 50% and my wife 50% for each lot subdivided. I appreciate any assistance with my question.
Thanks in advance,