WORLD Law Direct Forums  





Go Back   WORLD Law Direct Forums > Real Estate & Property Law > Other Real Estate Law Matters
REGISTER FAQ SEARCH Today's Posts Mark Forums Read
Personal Lawyer Legal Forms Calendar

tenants in common

Consult Your Own Personal Lawyer Now!
Reply
AddThis Feed Button
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 05-25-2008, 09:51 PM     #1
Unregistered
 
Unregistered's Avatar
 
Posts: n/a

Confused tenants in common

Hello

I am seeking advice on the West Australian law regarding tenants in common arrangements.

I am specifically interested in how disputes are resolved - where there are
five tenants in common for one property and one tenant in common wants to
retain their share of the property, with the other four of the tenants in
common wanting to sell their shares ?

Can the other four tenants in common sell their 20% x 4 = 80% of the
property as an 80% share ? How easy or difficult is it to sell / buy an 80% interest in a house ?

Can the person wanting to retain their 20% share do so or can they be forced
to sell ? If so, under what circumstances ?

Your advice would be very much appreciated as soon as possible.

Thank you

Marcelle Broderick
  Reply With Quote
Old 05-28-2008, 04:20 PM     #2
Unregistered
 
Unregistered's Avatar
 
Posts: n/a

Default Re: tenants in common

If two or more owners cannot agree on what to do with a piece of property they may petition the court and the court will order a sale or refinancing etc. so that the one or more may get out of the property obligation and/or the other(s) may keep it etc.--it is often done-- (This is true in some cases even for equitable owners that have paid various amounts etc., but for various reasons, may not be on title.) You could threaten to take this action if need be. It may cause compromise which is of course what you need here now.
  Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Add Forum to Google Toolbar | Format Your Messages

Posting Rules

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tenants rights plshelpgramma Landlord vs Tenant Issues 3 09-28-2008 10:49 AM
Tenants In Common - Roomates and Dogs Unregistered Other Real Estate Law Matters 1 09-08-2008 04:13 PM
Tenants rights Unregistered Landlord vs Tenant Issues 3 07-27-2008 09:36 PM
Asking Tenants to Move Unregistered Landlord vs Tenant Issues 1 03-03-2007 02:33 PM
Tenants in Common Unregistered Other Real Estate Law Matters 1 10-18-2006 11:00 AM


All times are GMT -5. The time now is 08:04 AM.


Powered by U.S. Legal Forms

Subscribe

Use of the Forums is subject to our Disclaimer which prohibits unapproved advertisements, solicitations or other commercial messages, and false, harassing or abusive statements. All postings reflect the views of the author but become the property of WORLD Law Direct.

Questions and information submitted in the Forums are assumed inquiries for general information and not legal advice.

Copyright 2000-2008 by WORLDLawDirect.com, Inc.