Articles by The Professional Trustee Team
Most people understand that when a motor vehicle is sold, the owner of the car has to sign the sale papers. These days, the buyer also has to sign the sale papers. The same analogy applies to houses owned by a Trust. Vendors and Purchasers have to sign an Agreement for Sale and Purchase ("Agreement"). Unfortunately, this often doesn't occur and disastrous consequences can follow.When your home is owned by a Trust, it's legal ownership is vested in the Trustees of the Trust. Those Trustees should be noted on the ownership papers of the home. It's common sense therefore, that the Trustees have to sign the Agreement - after all, they're the owners of the home! Common sense however, isn't always so commonly practiced.
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If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.