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High Court interprets the terms of a divorce settlement, declaring that the parties hold a 50% interest in the listed properties as tenants in common, not as joint tenants. This decision follows a dispute over the interpretation of a settlement agreement from family law proceedings, where the original court had not specified the nature of the property holding. The judgment clarifies that the language used in the settlement agreement indicated an intention to sever the joint tenancy, despite arguments to the contrary from one of the parties.
Divorce settlement - tenants in common - joint tenancy - property interest - family law - High Court - interpretation of settlement agreement - severance of joint tenancy - Family Law (Divorce) Act 1996 - Land and Conveyancing Law Reform Act 2009 - mutual agreement - property division - right of survivorship - severance by consent - interpretation of contracts - "text in context" approach - finality of settlement terms.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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