Co-ownership disputes arise where two or more co-owners of a property cannot agree on either (a) when a property should be sold, or (b) who is entitled to what share of the proceeds of sale. In some circumstances, co-owners are unable to agree on either of these issues!
Talk to one of our friendly and experienced team on 01582 514000
Often co-ownership disputes arise when an unmarried couple purchase a property in their joint names and later separate, or where co-investors purchase a property in joint names (for example an investment between two siblings) and one wants to realise the investment earlier than the other.
Disputes also arise where a property is purchased in one individual’s sole name, but someone else believes they are entitled to a share in the property by virtue of an agreement between them or because they contributed to its purchase.
These cases are known as “TOLATA” cases. “TOLATA” refers to the Act that governs this area of law (the Trusts of Land and Appointment of Trustees Act 1996).
When the Court is faced with a TOLATA case and is deciding what order to make, it will consider a variety of factors including what the parties intentions were when they purchased the property, the purpose of the joint ownership, the welfare of any minor who occupies the property, and the interests of any mortgage company if there is a mortgage.
Our recent experience includes:-
If you find yourself in a co-ownership dispute, we can provide clear and practical advice about your options, details about the court process if proceedings become necessary, and advice about the likely outcome. We understand that often these disputes arise following a relationship breakdown, whether that be a romantic, familial or business relationship, and we are sensitive to the emotional issues that may be involved. We also work closely with our experienced Family Law team if there are peripheral issues regarding child contact or maintenance that need to be resolved.
Our experienced solicitors are on hand to give you advice and assistance.
Call our team on 01582 514000 or Contact Us and we'll get back to you as soon as we can.
