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6 Pages • Essays / Projects • Year: Pre-2018
The intervention of personal equity would presume Helen and Bob to be tenants in common as ‘the parties have improved to the purchase price of the land in unequal contributions, parties have acquired the land as mortgagees and the parties have acquired the land under a partnership’. 1 Bob has paid the mortgage installments from 2010 to 2013 and the contribution of the purchase price was 55% and 45%. In regards to the unequal partnership, it will not apply to Bob and Helen, as their relationship is not regarded as business partners.
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