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House Sales
I inherited a joint share of a property, and would like my share of its value, is it possible to force the sale of the house to gain this, as i do not get on with the other joint owner who lives in the property
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The only way to force a sale would be to get a Court order. However as the other owner lives there and you (I assume) don't I think it unlikely the Court would order a sale.
If there is any way to get the joint owner to buy out your interest it would be far better than getting into an expensive and probably fruitless legal dispute.
If there is any way to get the joint owner to buy out your interest it would be far better than getting into an expensive and probably fruitless legal dispute.
I agree with the last answer it is all to easy for the equilty to be eaten up by the legal costs.
A grown up straightforward approach to the joint owner is the best option I assume he has legal right to live at the address but should be paying you rent for your half. This could be your lever to get your money.
The CAB will help you
A grown up straightforward approach to the joint owner is the best option I assume he has legal right to live at the address but should be paying you rent for your half. This could be your lever to get your money.
The CAB will help you
Hi 6438karl,
Was there a will. If there was, then there would have been an executor who is responsible for carrying out the wishes of the dead person. It is up to the executor to obtain a valuation of the property, normally from one or two estate agents, and sell the house accordingly.
Under normal circumstances, once a valuation has been agreed by all parties it is up to them to come to an agreeable arrangement. The other person involved would by law have to buy your share of the property. If this couldn't be done for one reason or another then it would be up to the executor to use his power and exert his authority.
Regards
Was there a will. If there was, then there would have been an executor who is responsible for carrying out the wishes of the dead person. It is up to the executor to obtain a valuation of the property, normally from one or two estate agents, and sell the house accordingly.
Under normal circumstances, once a valuation has been agreed by all parties it is up to them to come to an agreeable arrangement. The other person involved would by law have to buy your share of the property. If this couldn't be done for one reason or another then it would be up to the executor to use his power and exert his authority.
Regards
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