Family B believed that “sharing all fence costs” was correct and commonly used by property developers and had assumed family A was on the same page from day one. After the disagreement they also spoke with a developer who said they were correct and family A were wrong in thinking otherwise.
Family A have had experience with developing property…[Read more]
Didn’t think it was necessary at the time. We had a clear understanding of how it should work and the other family had theirs and unfortunately here we are.
Yes we have all the CGT and GST aspects sorted thanks for asking
An agreement was drafted by the conveyancer stating who owns which side of the property based on the agreement made from the draw. We are in the process of getting the subdivision finalised.
I’m not going to give away what side I own as I want unbiased opinions.
Family A and Family B decide to buy a property together and subdivide it into two blocks. Both families want the right side, as the demand is high, it was agreed, it will go into a draw. Whoever gets the right-side block, gives the other family $2,500. From the draw an a…[Read more]