(Apply legal principles in property law matters)

On the 8 March 2018 Andrew, Bill, Charles and David buy a land. The land is bought in fee simple as "Andrew as to 1/4th share and Bill as to 1/4th share and Charles and David as to 2/4th shares as joint tenants".

On 30 July 2020 Bill & Charles die together in a car crash and Charles leaves all his estate to Emma & Fiona in equal shares and Bill leaves all his estate to Fiona, Gianna, Henry, Isabelle & John in equal shares.

On 1 March 2022 David sells his share to his friends Kylie and Lian with 1/4 of his share to Kylie and the balance to Lian.

Explain and set out the following (assuming all required documents have been lodged at the LTO):

a. The owners on each of the above dates b. How they hold the land c. The share each owner has as would be recorded on the CT (do not use %)

a) How the owners will be described on the title after 30 July 2020 (each ownership/ entitlement should be written in fraction)

b) How the owners will be described on the title after 1 March 2022 (with increased owners, to increase the lowest common denominator to reflect precise ownership for each of them)

Answer rating: 100% (QA)

ANSWER a On each of the above dates the owners and their respective shares are as follows On March 8 ... View the full answer