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Tennents in common urgent

  • Madjon12
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15 Apr 21 #516496 by Madjon12
Topic started by Madjon12
Can a tennants in common be disputed.
I've just signed a 50/50 split on house but my partner said if you leave me I'll dispute it and win as I can proved you put in less than me... He didn't want a 70/30 split even though I offered it.

  • hadenoughnow
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15 Apr 21 - 15 Apr 21 #516497 by hadenoughnow
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Are you married? If you are then the division of property will be based on family law and could well end up differently depending on needs.

If you are not married the division of property is governed by property law. If you hold the property in equal shares as tenants in common, then that is how proceeds of sale would be splir. There may be a deed of trust that sets out unequal shares.

The division of property may be cs to each hallenged but it is a risky business because whoever loses pays all the costs.

In short marriages where there are no children the normal approach is to each take out what you put in and split any increase in value equally between you. Might that be a useful approach?

Hadenoughnow
Last edit: 15 Apr 21 by hadenoughnow.

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