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<h2>Understanding the Legal Landscape</h2><p>When buying or selling property in Queensland, it's crucial to understand the legal landscape to avoid costly mistakes. A lack of knowledge can lead to financial losses, legal disputes, and unnecessary stress. Here are some common legal mistakes you should avoid.</p><h2>Not Engaging a Conveyancing Solicitor Early Enough</h2><p>One common mistake is failing to engage a conveyancing solicitor early in the process. A conveyancing solicitor can guide you through the legal complexities of property transactions, ensuring that you comply with all relevant laws and regulations. They can also help you understand the terms and <a data-mce-href="https://www.mintlegal.com.au/blog/what-is-an-unconditional-contract-in-conveyancing" href="https://www.mintlegal.com.au/blog/what-is-an-unconditional-contract-in-conveyancing" data-mce-selected="inline-boundary">conditions </a>of any contracts you sign, which can protect your interests and prevent future disputes.</p><h2>Failing to Conduct a Thorough Property Inspection</h2><p>Another common mistake is neglecting to conduct a thorough property inspection before purchase. A comprehensive inspection can reveal potential issues with the property, such as structural damage, pest infestations, or illegal building work. If these issues are not identified and addressed before the purchase, you could face significant repair costs down the line.</p><figure id="figure-2mcwfr9b9ilnttv4vm"><img id="2mcwfr9b9ilnttv4vm" src="https://images.unsplash.com/photo-1484154218962-a197022b5858?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxfHxwcm9wZXJ0eSUyMGluc3BlY3Rpb258ZW58MHx8fHwxNjk3NTE3MTIwfDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="property inspection" class="object-cover bg-gray-100" style="aspect-ratio: 16/9;" data-mce-src="https://images.unsplash.com/photo-1484154218962-a197022b5858?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxfHxwcm9wZXJ0eSUyMGluc3BlY3Rpb258ZW58MHx8fHwxNjk3NTE3MTIwfDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Not Understanding Contractual Obligations</h2><p>Many buyers and sellers fail to fully understand their contractual obligations. The contract of sale is a legally binding document that outlines the terms and conditions of the property transaction. If you breach these terms, you could be held legally and financially responsible. Therefore, it's essential to read and understand the contract thoroughly before signing.</p><h2>Overlooking Stamp Duty</h2><p>Stamp duty is a tax that applies to property transactions in Queensland. Many people overlook this cost when calculating their budget, leading to financial strain. The amount of stamp duty you'll need to pay depends on the value of the property, so it's important to factor this into your budget.</p><figure id="figure-zmijyoqw3lnttvd8f"><img id="zmijyoqw3lnttvd8f" src="https://images.unsplash.com/photo-1525240265165-574d447c1264?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxMnx8c3RhbXAlMjBkdXR5fGVufDB8fHx8MTY5NzUxNzEzMXww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="stamp duty" class="object-cover bg-gray-100" style="aspect-ratio: 16/9;" data-mce-src="https://images.unsplash.com/photo-1525240265165-574d447c1264?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxMnx8c3RhbXAlMjBkdXR5fGVufDB8fHx8MTY5NzUxNzEzMXww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Not Checking the Title</h2><p>Before purchasing a property, you should check the title to ensure there are no restrictions or encumbrances that could affect your ownership. This could include easements, covenants, or caveats. Failing to check the title could lead to legal disputes and prevent you from fully enjoying your property.</p><h2>Conclusion</h2><p>In conclusion, buying or selling property in Queensland involves navigating a complex legal landscape. By avoiding these common mistakes, you can ensure a smooth and successful property transaction. Remember, when in doubt, it's always best to seek legal advice.</p>

Common legal mistakes to avoid when buying or selling property in Queensland

<h2>Understanding Legal Mistakes in Small Businesses</h2><p>Running a small business can be a rewarding journey, but it's not without its challenges. One area that can be particularly tricky to navigate is the legal landscape. Many small business owners unknowingly make legal mistakes that could have serious consequences. In this article, we will highlight five common legal mistakes small businesses often make and how to avoid them.</p><figure id="figure-3d3bg0hejplnttbvjo"><img id="3d3bg0hejplnttbvjo" src="https://images.unsplash.com/photo-1507206130118-b5907f817163?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwyNXx8c21hbGwlMjBidXNpbmVzcyUyMGxlZ2FsfGVufDB8fHx8MTY5NzUxNjIyMnww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="small business legal" class="object-cover bg-gray-100" style="aspect-ratio: 16/9;" data-mce-src="https://images.unsplash.com/photo-1507206130118-b5907f817163?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwyNXx8c21hbGwlMjBidXNpbmVzcyUyMGxlZ2FsfGVufDB8fHx8MTY5NzUxNjIyMnww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Mistake #1: Not Properly Setting Up Your Business Structure</h2><p>Choosing the right business structure is crucial as it impacts your liability, taxes, and other legal aspects. Many small business owners default to a sole proprietorship because it's the easiest to set up. However, this could expose them to personal liability. <strong>Consider consulting with a business lawyer or accountant</strong> to understand the best structure for your business.</p><h2>Mistake #2: Ignoring Intellectual Property Laws</h2><p>Many small business owners are unaware of the importance of intellectual property laws. Ignoring these laws can lead to <a data-mce-href="https://www.mintlegal.com.au/blog/buying-a-business--watch-for-these-hidden-costs" href="https://www.mintlegal.com.au/blog/buying-a-business--watch-for-these-hidden-costs">costly</a> lawsuits. Make sure to perform a trademark search before using a name or logo and consider patenting your unique products or processes.</p><h2>Mistake #3: Not Having Proper Contracts in Place</h2><p>Contracts are essential in business to clarify expectations and protect your interests. Many small businesses make the mistake of operating based on verbal agreements. <strong>Always have written contracts</strong> for your transactions, partnerships, and employee relationships to avoid potential disputes.</p><h2>Mistake #4: Neglecting Employment Laws</h2><p>As your business grows and you start hiring employees, it's important to understand employment laws. This includes minimum wage, overtime pay, anti-discrimination laws, and more. Failure to comply with these laws could result in fines or lawsuits. <strong>Consider hiring an HR professional</strong> or seeking legal counsel to ensure you're compliant.</p><figure id="figure-p07h581znwlnttcmcv"><img id="p07h581znwlnttcmcv" src="https://images.unsplash.com/photo-1551836022-aadb801c60ae?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxN3x8ZW1wbG95bWVudCUyMGxhd3N8ZW58MHx8fHwxNjk3NTE2MjU3fDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="employment laws" class="object-cover bg-gray-100" style="aspect-ratio: 16/9;" data-mce-src="https://images.unsplash.com/photo-1551836022-aadb801c60ae?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxN3x8ZW1wbG95bWVudCUyMGxhd3N8ZW58MHx8fHwxNjk3NTE2MjU3fDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9;"></figure><h2>Mistake #5: Not Protecting Customer Data</h2><p>In the digital age, businesses collect a lot of customer data. It's crucial to ensure this data is protected to avoid breaches that could lead to legal trouble and damage your reputation. Implement strong security measures and consider getting cyber liability insurance.</p><h2>Conclusion</h2><p>Avoiding these common legal mistakes can save your small business from costly and time-consuming legal issues. It's always a good idea to seek legal advice when you're unsure. Remember, <strong>being proactive can save you a lot of <a data-mce-href="https://www.mintlegal.com.au/blog/buying-a-business--watch-for-these-hidden-costs" href="https://www.mintlegal.com.au/blog/buying-a-business--watch-for-these-hidden-costs">trouble </a>down the line</strong>.</p><p>Contact <a data-mce-href="https://www.mintlegal.com.au/contact-us" href="https://www.mintlegal.com.au/contact-us" data-mce-selected="inline-boundary">Mint Legal</a> on 0452441583 for any advice or assistance.<br data-mce-bogus="1"></p><figure id="figure-vu07y30387lnttcywz"><img id="vu07y30387lnttcywz" src="https://images.unsplash.com/photo-1516321318423-f06f85e504b3?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHw0fHxidXNpbmVzcyUyMGxlZ2FsJTIwYWR2aWNlfGVufDB8fHx8MTY5NzUxNjI3M3ww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="business legal advice" class="object-cover bg-gray-100" style="aspect-ratio: 16/9;" data-mce-src="https://images.unsplash.com/photo-1516321318423-f06f85e504b3?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHw0fHxidXNpbmVzcyUyMGxlZ2FsJTIwYWR2aWNlfGVufDB8fHx8MTY5NzUxNjI3M3ww&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9;"></figure>

5 common legal mistakes small business owners make and how to avoid them

<h2>Understanding Family Law</h2>
<p>Family law is a legal area that deals with family-related issues and domestic relations. It covers a wide range of topics, from marriage and divorce, to child custody and adoption. In Queensland, family law is governed by both state and federal legislation, with the Family Law Act 1975 being the primary federal law in this area. Understanding the nuances of family law can be complex, but it is vital for anyone dealing with family-related legal issues.</p>
<figure id="figure-kul73zzpe8lntta2dp"><img id="kul73zzpe8lntta2dp" src="https://images.unsplash.com/photo-1475609471617-0ef53b59cff5?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwyN3x8ZmFtaWx5JTIwbGF3JTIwYm9va3N8ZW58MHx8fHwxNjk3NTE2MTM3fDA&ixlib=rb-4.0.3&q=80&w=1080" alt="family law books" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h2>Marriage and Divorce</h2>
<p>Family law plays a significant role in matters of marriage and divorce. It governs the legal requirements for marriage, including age restrictions, consent, and the prohibition of bigamy. In case of divorce, family law outlines the grounds for divorce, the process to be followed, and the division of property. It's important to note that in Australia, the <strong>‘no-fault’ divorce</strong> principle applies, which means that the court does not consider who was at fault in the marriage breakdown.</p>

<h2>Child Custody and Support</h2>
<p>The welfare of children is a primary concern in family law. In cases of separation or divorce, the law ensures that the best interests of the child are prioritised. It considers factors such as the child's relationship with each parent, the parents' ability to provide for the child, and the child's wishes, depending on their age and maturity. The law also provides for child support, ensuring that both parents contribute to the financial needs of their children.</p>
<figure id="figure-mu88gp0rzlnttaf2c"><img id="mu88gp0rzlnttaf2c" src="https://images.unsplash.com/photo-1542644384-49f9febd8443?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHw5fHxjaGlsZCUyMGN1c3RvZHl8ZW58MHx8fHwxNjk3NTE2MTU0fDA&ixlib=rb-4.0.3&q=80&w=1080" alt="child custody" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h2>Domestic Violence</h2>
<p>Family law in Queensland plays a crucial role in protecting victims of domestic violence. The Domestic and Family Violence Protection Act 2012 provides protection to victims and holds perpetrators accountable. It allows for the issuance of protection orders and offers support services to victims. If you're experiencing domestic violence, it's crucial to seek legal help immediately.</p>

<h2>Adoption and Surrogacy</h2>
<p>Adoption and surrogacy laws vary across Australian states, and Queensland has specific laws in place. The Adoption Act 2009 governs adoption, with rigorous processes to ensure the child's best interests. Surrogacy, on the other hand, is regulated by the Surrogacy Act 2010, which allows both altruistic and gestational surrogacy but prohibits commercial surrogacy.</p>
<figure id="figure-oyes4huvhflnttaohb"><img id="oyes4huvhflnttaohb" src="https://images.unsplash.com/photo-1638073201892-bd9c9769daa8?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwyNXx8YWRvcHRpb24lMjBzdXJyb2dhY3l8ZW58MHx8fHwxNjk3NTE2MTY2fDA&ixlib=rb-4.0.3&q=80&w=1080" alt="adoption surrogacy" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h2>Seeking Legal Help</h2>
<p>Family law matters can be emotionally charged and legally complex. It's essential to seek legal advice to understand your rights and responsibilities. Family lawyers can provide advice, represent you in court, and help negotiate agreements. Remember, each case is unique, and the information provided here is a general overview. Always consult with a professional for advice tailored to your situation.</p>

<h2>Conclusion</h2>
<p>Family law plays an integral role in managing and resolving family-related issues in Queensland. From marriage and divorce to child custody and domestic violence, it seeks to protect the rights and welfare of individuals, especially children. Understanding family law can help you navigate these often challenging issues with confidence and clarity. Remember, when dealing with family law matters, professional legal help is invaluable.</p>

The Role of Family Law in Queensland: Everything You Need to Know

<h2>Understanding Estate Planning</h2>

<p>Estate planning is an essential process that requires thoughtful consideration and strategic decision-making. It involves making plans for the transfer of your estate after death. The estate includes all the assets that you have acquired throughout your lifetime, such as real estate properties, cars, personal belongings, investments, and even your digital assets. <strong>Without a solid estate plan, your assets may not be distributed according to your wishes.</strong></p>

<figure id="figure-tqd4htm72flntt769y"><img id="tqd4htm72flntt769y" src="https://images.unsplash.com/photo-1450101499163-c8848c66ca85?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHw4fHxlc3RhdGUlMjBwbGFubmluZ3xlbnwwfHx8fDE2OTc1MTYwMDJ8MA&ixlib=rb-4.0.3&q=80&w=1080" alt="estate planning" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h2>Why is Estate Planning Important?</h2>

<p>Estate planning is more than just creating a will. It is a comprehensive approach to managing your assets, protecting your family, ensuring your healthcare wishes are respected, and minimising the tax burden on your beneficiaries. It provides a clear plan that outlines your wishes, thereby reducing potential disputes among family members and ensuring a smooth transition during a difficult time.</p>

<h2>The Role of Estate Planning in Asset Protection</h2>

<p>Estate planning plays a vital role in protecting your assets in Queensland. It ensures that your assets are not only distributed according to your wishes but also protected from creditors, lawsuits, divorce settlements, and other potential risks. Furthermore, it can help you establish a lasting legacy for future generations.</p>

<figure id="figure-p3de0jzu3lntt7esw"><img id="p3de0jzu3lntt7esw" src="https://images.unsplash.com/photo-1590935216525-e35827458736?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxM3x8YXNzZXQlMjBwcm90ZWN0aW9ufGVufDB8fHx8MTY5NzUxNjAxM3ww&ixlib=rb-4.0.3&q=80&w=1080" alt="asset protection" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h3>Asset Protection Strategies in Estate Planning</h3>

<p>There are several strategies that can be employed to protect your assets, including the creation of trusts, the use of life insurance, and the establishment of limited partnerships or family limited partnerships. Each of these strategies has its own benefits and drawbacks, and the optimal approach depends on your specific circumstances and goals.</p>

<h2>Legal Considerations in Estate Planning</h2>

<p>When it comes to estate planning in Queensland, it's important to understand the legal requirements and considerations. This includes understanding the laws surrounding wills, trusts, power of attorney, and advance health directives. <b>Working with a qualified legal professional can help ensure that your estate plan complies with all relevant laws and regulations.</b></p>

<figure id="figure-7kdgp4cehmlntt7mz5"><img id="7kdgp4cehmlntt7mz5" src="https://images.unsplash.com/photo-1450101499163-c8848c66ca85?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwzfHxsZWdhbCUyMGNvbnNpZGVyYXRpb25zfGVufDB8fHx8MTY5NzUxNjAyNHww&ixlib=rb-4.0.3&q=80&w=1080" alt="legal considerations" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h2>Conclusion</h2>

<p>In conclusion, estate planning is a critical process that can protect your assets and ensure they are distributed according to your wishes. It requires careful planning and consideration, and often requires the assistance of a legal professional. By understanding the importance of estate planning and implementing effective strategies, you can ensure that your legacy is protected for future generations.</p>

The Importance of Estate Planning: Protecting Your Assets in Queensland

<h2>Understanding Family Disputes</h2><p>Family disputes are a common occurence in many households. These disagreements can range from minor issues to complex matters that involve legal implications. It's during these challenging times that the role of a law firm becomes crucial. A reputable law firm can provide the necessary legal assistance and guidance to help families navigate through these disputes.</p><h2>The Role of a Law Firm in Family Disputes</h2><p>Law firms specialising in family law play a significant role in resolving family disputes. They provide legal advice, represent clients in court, and mediate negotiations among family members. The ultimate goal of a law firm is to ensure that the rights of each family member are protected and the best possible outcome is achieved.</p><h3>Legal Advice</h3><p>One of the primary roles of a law firm is to offer <strong>legal advice</strong>. Lawyers help clients understand their rights, obligations, and the potential consequences of their actions. They provide insights into the legal aspects of the dispute, giving the client a clearer picture of their situation.</p><figure id="figure-meqz919mjhlntt2tes"><img id="meqz919mjhlntt2tes" src="https://images.unsplash.com/photo-1619418602850-35ad20aa1700?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxOHx8bGVnYWwlMjBhZHZpY2V8ZW58MHx8fHwxNjk3NTE1Nzk5fDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="legal advice" class="object-cover bg-gray-100" style="aspect-ratio: 16/9;" data-mce-src="https://images.unsplash.com/photo-1619418602850-35ad20aa1700?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwxOHx8bGVnYWwlMjBhZHZpY2V8ZW58MHx8fHwxNjk3NTE1Nzk5fDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9;"></figure><h3>Representation in Court</h3><p>Family disputes that escalate to court require the expertise of a lawyer. Law firms represent their clients in court, presenting their case in the best possible light. They ensure that their client's interests are well-represented and fight for a fair resolution.</p><h2>Mediation and Negotiation</h2><p>Not all family disputes need to go to court. In many cases, disputes can be resolved through mediation or negotiation. Law firms play a vital role in these processes. They facilitate discussions, help parties reach agreements, and ensure that the agreements are legally binding.</p><figure id="figure-qdb46n105alntt2yiq"><img id="qdb46n105alntt2yiq" src="https://cdn.durable.co/shutterstock/1bQFnSSt4rWZMS8OnSt7hWfvVzLPOtNwEpzMrQPooWhzTW3xbo1JgTYpzayyoOxX.jpeg" alt="family mediation negotiation" class="object-cover bg-gray-100 rounded-2xl md:rounded-3xl lg:rounded-4xl" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="null" data-positionY="null"/></figure><h2>Choosing the Right Law Firm</h2><p>With the pivotal role that law firms play in resolving family disputes, it's important to choose the right one. Here are some factors to consider:</p><ul><li>Expertise in family law</li><li>Experience in handling similar cases</li><li>Reputation and client feedback</li><li>Cost and affordability</li></ul><p>Remember, the right law firm can make a significant difference in the outcome of your family dispute. They can provide the legal support you need to navigate through these challenging times and ultimately, help bring peace back into your family.</p>

The Role of a Law Firm in Resolving Family Disputes

<blockquote><h3><em>It’s crucial to make informed decisions right from the start when venturing into the realm of property ownership, especially in collaboration with others. </em></h3></blockquote><h2>Joint tenancy</h2><h3>Pros</h3><p>Automatic right of survivorship<br></p><p>Simplifies transfer of ownership upon death</p><p>Less complex and less expensive compared to tenants in common</p><figure id="figure-lpnf6nzyydlntmpkhq"><img id="lpnf6nzyydlntmpkhq" src="https://cdn.durable.co/shutterstock/368XYPSIBip4YXFljP0iCnbNNa6PMqArDAzpGkjSAynU53YJ3Z1GBoiTMlm1rkz8.jpeg" alt="Joint tenancy advantages pros" class="object-cover bg-gray-100 rounded-2xl md:rounded-3xl lg:rounded-4xl" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-mce-src="https://cdn.durable.co/shutterstock/37lLP9X2vWiz9zpHi3PLDyWGCKMaLVFksvknlMp7Z2iOplGNYh3FmcZowKSbKGFW.jpeg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p><br></p><h3>Cons</h3><p>No flexibility in ownership percentages<br></p><p>Not suitable for parties who are not automatically entitled to a right of survivorship</p><figure id="figure-r9rbhpottqlntm00s5"><img id="r9rbhpottqlntm00s5" src="https://cdn.durable.co/shutterstock/3bxpNytEmQ9HUsHGcnzO8l6SOfSgskr70LGCpnWHmj3fLJ9q85QPkYqa6r981mlw.jpeg" alt="Joint tenancy disadvantages cons" class="object-cover bg-gray-100 rounded-2xl md:rounded-3xl lg:rounded-4xl" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-mce-src="https://cdn.durable.co/shutterstock/30yh6ldaY8Wfu3Cg0zuamAU2dAbVL56jR7HdPpTi7ov4UEgtz5deO9galwojTkIW.jpeg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>Tenants in common<br></h2><h3>Pros</h3><p>Flexibility in ownership percentages</p><p>Suitable for parties who are not automatically entitled to a right of survivorship</p><figure id="figure-p8hf3wp2ddlntmletb"><img id="p8hf3wp2ddlntmletb" src="https://cdn.durable.co/shutterstock/3mg8jtgB5tNM7wYT9ViE82ISGnjwOw4D8E8OtLBanwRjXbhLuJFQydQVKdKY3sBI.jpeg" alt="Advantages of tenants in common. Pros of tenants in common" class="object-cover bg-gray-100 rounded-2xl md:rounded-3xl lg:rounded-4xl" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-mce-src="https://cdn.durable.co/shutterstock/12KwL3KxhEbTFGhQ3PAm6ODw6WqoQwlJg9B33z8fKdkgtvjbv5fMZuuQcqE0MOiA.jpeg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h3>Cons</h3><p>More complex and expensive compared to joint tenancy upon death<br></p><p>Requires a will or intestacy laws for distribution upon death</p><p style="padding: 0px; margin: 12px 0px 0px; user-select: text; word-break: break-word; font-size: 14px; line-height: var(--cib-type-body1-line-height); font-weight: 400; font-variation-settings: var(--cib-type-body1-font-variation-settings); color: #111111; font-family: -apple-system, Roboto, SegoeUI, 'Segoe UI', 'Helvetica Neue', Helvetica, 'Microsoft YaHei', 'Meiryo UI', Meiryo, 'Arial Unicode MS', sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgba(255, 255, 255, 0.7); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;" data-mce-style="padding: 0px; margin: 12px 0px 0px; user-select: text; word-break: break-word; font-size: 14px; line-height: var(--cib-type-body1-line-height); font-weight: 400; font-variation-settings: var(--cib-type-body1-font-variation-settings); color: #111111; font-family: -apple-system, Roboto, SegoeUI, 'Segoe UI', 'Helvetica Neue', Helvetica, 'Microsoft YaHei', 'Meiryo UI', Meiryo, 'Arial Unicode MS', sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgba(255, 255, 255, 0.7); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></p><figure id="figure-4fjgzsi7clntm0d05"><img id="4fjgzsi7clntm0d05" src="https://images.unsplash.com/photo-1693829956959-325c0ce55523?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwyM3x8b3ZlcmNvbWluZyUyMGNoYWxsZW5nZXN8ZW58MHx8fHwxNjk3NTAzOTI3fDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="Disadvantages of tenants in common. Cons of tenants in common" class="object-cover bg-gray-100 rounded-2xl md:rounded-3xl lg:rounded-4xl" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-mce-src="https://images.unsplash.com/photo-1693829956959-325c0ce55523?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHwyM3x8b3ZlcmNvbWluZyUyMGNoYWxsZW5nZXN8ZW58MHx8fHwxNjk3NTAzOTI3fDA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure>

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