
Legal interest in an asset refers to the formal, recognised rights over the property, which are enforceable by law. This might include ownership rights documented through titles or deeds.
Non-legal interests, on the other hand, often refer to beneficial or equitable interests. These might not be formally recognised by law but are acknowledged by parties involved, such as the right to benefit from the asset (like a family member living in a home owned by another family member) without holding the title. Understanding these differences is crucial in asset management and estate planning to ensure that all parties’ rights and expectations are clearly defined and protected.
Many property owners will, at some stage, be faced with disputes relating to fences and trees. Whether it by a neighbour arbitrarily lopping a tree, a fence caving in between two properties or access being denied to utility infrastructure on common property, our professional team at Argon Law have dealt with many property disputes. Let us help you resolve your property dispute today. These disputes can be resolved by way of proceedings in QCAT, the Office of the Commissioner for Body Corporate and Community Management (BCCM) and the various Courts.
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