Donate SIGN UP

Help required with tennants in common agreement / will

Avatar Image
PETER-G | 12:56 Mon 13th Dec 2010 | Law
7 Answers
My wife & I own our house as tennants in common (45% each) the other 10% was held by my mother in law, she has recently passed away. Originally she had willed her 10% to me & my wife, as we had bought the property in full, she subsequently went behind our backs & changed her will leaving her 10% between my wife's 7 sisters & 1 brother (1.25% each)
can anyone advise the best way for us to recover the 10% of the property, or what other avenues we could consider.
Gravatar

Answers

1 to 7 of 7rss feed

Best Answer

No best answer has yet been selected by PETER-G. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Get the house valued now, calculate 10%, see if you and your wife can raise that between you and then offer it proportionally to the others concerned.
Make each individual an offer for their share.
If you bought the property in full, how did your MIL still retain an interest? Bit confused here.
Could try charging them % of maintenance, insurance etc. Might encourage them to surrender their share for nominal amount.
Question Author
we where going to emigrate to Canada this year, as the house was bought from the council in MIL's name (she had been the tennant for over 40 years) we got full discount, the council could see her as owning a 50% stake in the property, so to safe guard the majority we set up a tennants in common agreement showing her as owning 10%, which would be the maximum the council could recover from the property if she had to go into care after we left, as it is we never moved to Canada & she has just passed away at the ripe age of 87.
OK.
My first answer still stands.

1 to 7 of 7rss feed

Do you know the answer?

Help required with tennants in common agreement / will

Answer Question >>