So my dad has offered me this: he is to purchase a house or unit valued at $500k.
The house will be half in his name and half in mine.
I will receive half the rent and he will receive the other half.
Eventually it'll be my house entirely.
Now the thing is my father is a capricious man so I'd like some advice as to how best approach this situation when it comes to signing the contract etc. lest I anger him one day and he decides not to honour the above agreement.
I have no idea about contracts, law etc so please speak plainly haha