tenants in common

[lucky2000]

my ex partner 45%,her father 15% and i 40%,own various amounts of a 2 bed house,my ex partner lives in the property with our child which is fine,but at some point i would like to cash in my share,how would this happen and could they block this because of their majority share?

[Law1]

To realise your 40% share someone is going to have to buy you out. I believe your ex and her father would have to be a party to the transfer deed and therefore they could prevent the transfer. if there is a mortgage then the lender would have to agree to you being released from the mortgage. if lender agrees but ex and father dont then would have to go to court. court cant force them to buy you out but could order the property be sold.

[lucky2000]

Cheers law,its a tricky one
,but i thnk yor right,either way its going to be messy *sighs*

[Nether Edge]

Answer 1 is correct. Transfer of legal ownership will need to be drawn/stamped/registered but it shouldn't be very expensive (perhaps �200 + VAT + Land Reg. fee.) as long as all three parties agree.