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In Victoria, is it possible to change the manner of holding from joint tenants to tenants in common if only 2/3 of the tenants complete VOI and sign ARNECC client authorisation forms?
A Change in the Manner of Holding can be completed on PEXA via the residual document 'APPLICATION - NEW FOLIO - Transfer of Land Act - section 32'.
All Proprietors on Title will need to be represented and therefore a complete VOI and signed ARNECC client authorisation form is required for all parties.
For detailed information on lodging Residual documents in PEXA please refer to:https://community.pexa.com.au/t5/Help-Centre/Residual-Documents/ba-p/14746
For more information on the requirements on the specific residual document please refer to the 'Guide to Residual Document' via the Land Victoria website: