Donate SIGN UP

Joint Ownership

Avatar Image
MistyLady | 14:20 Sun 03rd Mar 2002 | Home & Garden
2 Answers
Curiosity only!!! If a house is in joint names and both parties have contributed to the payment of the property with a joint mortgage what happens if one of the party wants to get out!!! For example a couple whose partnership/marriage has broken down and one party wishes to get their share out of the propery. Can one party legally make the other party either buy them out or force a sale?
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by MistyLady. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Not since the Trusts of Land and Trustees Act 1996 (not sure about the year). Before, it was true that one party could force a sale on the other; now, that is no longer so, and if the parties cannot come to an agreement as to what to do, the last resort is to get a court order. In the case of divorcing spouses it will be family law rather than land law that applies (afraid I know nothing of family law though).
I think the answer by vittoria is incorrect as I don't think the 1996 Trusts of Land and Appointment of Trustees Act made any significant difference. Any of the joint owners can generally force a sale, though the sale may be subject to the rights of people in residence.

1 to 2 of 2rss feed

Do you know the answer?

Joint Ownership

Answer Question >>