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### Eligibility of FHSA for Purchasing a House Under Specific Circumstances

Hello everyone, I have a specific scenario at hand for which I require some clarification. I am currently renting a place and living alone, and I have recently opened a First Home Saver Account (FHSA) this year. However, I have not made any contributions to it yet.

Now, the scenario is that I am in a relationship and my partner owns a home. We have plans to move in together, and eventually, we aspire to buy a larger house, where we would both be co-owners. While it would be my first home purchase, it would not be the same for my partner. In this context, would I still be eligible to utilize the FHSA for the purchase of our new home?

The confusion arises due to two reasons:

1. I will be living in my partner’s residence before purchasing a house together.
2. My partner, who is not a first-time home buyer, would be a co-owner of the new house.

To address and better understand the eligibility criteria of using FHSA in such a situation, the AI Legalese Decoder can offer valuable insights. The AI Legalese Decoder is designed to interpret complex legal jargon and provide customized legal advice. In this scenario, it can help by analyzing the specific terms and conditions of FHSA eligibility, considering the nuances of co-ownership, and providing clarity on the implications of buying a home under such circumstances. This tool can be beneficial in navigating the legal complexities and offering precise guidance tailored to individual situations.

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Original:

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Revised:

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