Division of property

[tilly49]

My wife is one of three sisters who's father put his house jointly in their names several years ago. Her father died at the end of last year and her mother refuses to stay in the house opting instead to live with one of my wife's sisters.
Unfortunately this sister has done a lot of things to the detriment of the other two such as geting the property valued without their knowledge and then when she was found out. understated it's value by many thousands of pounds. The reason for this is that she wants her daughter to have the property but does not want to pay the true value. I do not believe that she can force a sale through the courts under these circumstances but I am not 100% sure.
If she is unable to force this issue I believe that she intends to move her daughter into the property anyway. Does anyone know what the legal position is with regard to this.
Many thanks

[Celestine]

Re: Division of property

If this property were to be sold on the open market (or privately) then an independent valuer must be appointed to confirm its true value.
If her daughter moves into the property then the rent should be split equally between the co-owners.

[theGobbyOne]

Re: Division of property

Division of assets is a very tricky subject............so tricky in fact that each individual case is decided on its own circumstances and not by case law as once was the case..........I strongly suggest a consultation with a very good law firm and it wont cost you a penny as a first consultation is always free as standard.........I have just spent a year looking at division of assets and for my law degree and believe me it is a tricky area even though it can appear to look straight forward....Good Luck