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3.6.4 Tenants in Common


An eligible person may be issued with a certificate of entitlement for a subsidised advance in respect of a holding which is held with another person or persons as tenants in common.  In order to ensure that there is no leakage of the eligible person's loan benefit to ineligible people, the value of the eligible person's tenancy must be at least equal to the amount of the subsidised advance.  An eligible person may hold as tenant in common with a spouse or de facto partner, or with any number of other persons, subject to the proviso regarding the value of the eligible person's tenancy.