For example, if an unmarried couple purchases a house together and separate later on, they may disagree over the share that each partner holds in the property, based on their levels of contribution. If you are involved in a dispute in relation to jointly owned property, this can quickly become very stressful, because of your relationship with the other party, who is likely to be a partner or former partner, friend or relative.
The property litigation specialists at Ackroyd Legal hold many year’s diverse experience in handling disputes involving jointly owned property. We will look at all of the facts of your case and provide clear and practical advice to protect your interests and reach the most favourable outcome.
Disputes involving jointly owned property are usually all about money, and how the proceeds from the sale of the property are to be divided between the co-owners. A 50/50 split cannot always be presumed, and this is less likely to be the case if each of the owners has made a different level of contribution to the purchase of the property.
There are a number of factors that will have an impact upon the rights that each party will hold when it comes to the value of jointly-owned property. For example, there are two different types of joint ownership. Joint tenants, or beneficial joint tenants, each enjoy an equal share in their jointly-owned property, whereas tenants in common may own very different shares, and the level of contribution will be an important factor in determining how any proceeds should be divided.
The issue of entitlement to the proceeds from the sale of jointly owned property will ultimately be determined by the facts in most cases. For example, if you moved into the house owned by your now ex-partner, and you have contributed to the mortgage and the upkeep although the property has remained in their name, you may still be entitled to a share.
Your specialist solicitor will examine all of the facts of your case and look at the financial relationships with the other co-owner, to provide sound and practical advice on your rights, obligations and the best way forward in all of the circumstances.
We fully understand how distressing disputes involving jointly-owned property can become, and we will provide unwavering support in firmly representing your interests with the aim of resolving matters as quickly as possible and keeping costs to a minimum.
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