The other day a lady friend asked for my advice :

Her father n mother joint tenancy, Hdb flat. This young lady lives with parents

along with siblings who are not eligible to buy their own flats. Reasons not given.

This young lady has a fiance and will marry someday. Fiance has flat under his name.

Recently lady's father passed away. Mother becomes sole owner. This lady friend asked

me what to do.

CAN SHE JOIN HER MUM AND CREATE A JOINT TENANCY ?

Can she breakaway from a joint tenancy and marry her fiance and buy another flat?

If yes, is she considered a 2nd timer ?

IF SHE MARRIES AND LIVE WITH HUSBAND, WHAT IF SOMEDAY HER AGED MUM DIES(sole owner)

can her siblings continue to live in the flat under orphan scheme or will the flat

be taken back with proceeds distributed ?

I don't know what to tell her

The other day a lady friend asked for my advice :

Her father n mother joint tenancy, Hdb flat. This young lady lives with parents

along with siblings who are not eligible to buy their own flats. Reasons not given.

This young lady has a fiance and will marry someday. Fiance has flat under his name.

Recently lady's father passed away. Mother becomes sole owner. This lady friend asked

me what to do.

CAN SHE JOIN HER MUM AND CREATE A JOINT TENANCY ?

Can she breakaway from a joint tenancy and marry her fiance and buy another flat?

If yes, is she considered a 2nd timer ?

IF SHE MARRIES AND LIVE WITH HUSBAND, WHAT IF SOMEDAY HER AGED MUM DIES(sole owner)

can her siblings continue to live in the flat under orphan scheme or will the flat

be taken back with proceeds distributed ?

I don't know what to tell her

Tell her these:

1. Can anytime, apply, register a joint tenancy. But....in my personal opinion, better leave the mum as sole owner first, as putting name "in" now and later "out" needs $$$.

2. If her fiance name now "out" from present, then both apply a flat under "fiance" scheme, then husband = 2nd timer, wife = 1st timer. If she joins her mum, then later out again and apply for one = 2nd timer.

3. If touch wood, mum pass away b4 siblings reach 21, law needs a closest "lawful"(meeting conditions) guardian to her siblings, hdb won't take away. A guardian can be a hdb flat owner too. If the young lady remains her name "open"(not under any hdb flat), she can be a guardian too. HDB just wants to make sure the monthly instalment to be paid in time.

4. Unless she has "firm" intention to own present house with mum and her fiance agreed, foreseeing "problems" may have staying with mum/siblings and spouse...then.... I seriously doubt this will work.

5. Look like best to leave her name in the "open" first, wait till one of her siblings reach 21 yo, then decide to put her name at "which side".

6. Important consideration, don't anyhow "misuse" the name to apply and register....think twice.

how come people don't approach HDB for this? HDB too unfriendly?

how come people don't approach HDB for this? HDB too unfriendly?

Thanks everyone for the reply !!

I realise this is one place ( renotalk/forum ) where quite a number of

real est agts let their hair down, park their thoughts, share their

wisdom, fears, tribulations,etc...

I've been wanting to go into this line for quite a while. As a matter of fact

just a few weeks back i actually completed an Res Course.

Thinking that i'm now a Real Estate Guru, i picked a few fries off the street

and let them throw a few real estate questions at me.

Guess what ?? Within a single breath, I was hit by 10 - 20 mega tsunami

HDB + Pte Property + loss of jobs + father cannot get along with uncle

+ dog pass away kinda questions...OMG !!

I guess i must know my basics really well...