Document background
A Tenants In Common Deed is essential when two or more parties wish to own property together while maintaining separate and distinct interests in the property under Australian law. This document is commonly used in both residential and commercial property contexts, particularly when co-owners want to hold unequal shares or maintain the ability to deal with their interest independently. The deed establishes clear parameters for ownership, management, and decision-making, helping prevent future disputes and providing a framework for resolving issues when they arise. It is particularly relevant in situations involving family property arrangements, investment partnerships, or business property holdings, and must comply with the property law requirements of the relevant Australian state or territory. The document should be prepared with consideration of applicable state legislation, such as the Real Property Act and Property Law Act.
