Shared property

[Roehampton]

I own a 25% share in a freehold property. The other parties own a 50% and 25% share in the property. We have a buyer for the property but the other 25% owner is refusing to sign the sales legal documents as she does not want to sell. Is there anything that I and the 50% shareholder can do to process the sale.

[atticus]

You can apply for a court order for the property to be sold, under the Trusts of Land and appointment of Trustees Act 1996. I suggest that you notify the errant owner of this, and warn of legal cost. I take it she is in no position to buy your shares.

Does she live in the house?

Did you sign any form of agreement when becoming co-owners?

[Roehampton]

I own a 25% share in a freehold property. The other parties own a 50% and 25% share in the property. We have a buyer for the property but the other 25% owner is refusing to sign the sales legal documents as she does not want to sell. Is there anything that I and the 50% shareholder can do to process the sale.

Thank you for your response. No she does not live in the property which is currently empty. We each signed legal documents, including being shown on the property Title Deeds.

[atticus]

From which I infer that there was no separate agreement between the 3 of you.

[Roehampton]

From which I infer that there was no separate agreement between the 3 of you.

That;s correct.

[atticus]

OK. My advice is as stated earlier.

You can apply for a court order for the property to be sold, under the Trusts of Land and appointment of Trustees Act 1996. I suggest that you notify the errant owner of this, and warn of legal cost. I take it she is in no position to buy your shares.