AskGuru Q&A Community

Hi,

1) It is the same when comes to selling regardless of the method of ownership. All owners must agree to it.
2) If worry about any dispute when comes to the selling decision then it is advisable not to make any changes since changing of ownership method will incur unnecessary legal costs.
3) If it is just that your parents feel it is time for them to stay alone, then they could consider applying for 2-rm Flexi and leave more rooms for your family.
4) It is only that you must have sufficient financial capacity to take over their current share (66.67%) when it is time for your separation.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi,

Yes, you can change the manner of holding to Tenancy-in-Common. However, I am not sure why would you want to do this? You will incur stamp duties for the transfer.

All owners, regardless of percentage owned (even 1%), will need to agree to the Sale before the property can be sold.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More