News1 min ago
Tenants in Common
I hope someone can help with this. My friends Mother divorced 20 years ago and as part of the settlement got to keep the family house. She then remarried and bought a new house with her new husband as Tenants in Common with a 50/50 split. This was done to protect her share of the house ( for the children to inherit) as he had no money and took out a mortgage for his half.The house has now been paid off.
She has died and the second husband is refusing to sell. Also the property needs money spending on it.
Can he be forced to sell?
Who is responsible for the repairs?
Should he pay rent to the other half owner?
Thanks
Answers
No best answer has yet been selected by Harley. 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.What a horrible thing to have happened for the children. I am no solicitor but I am assuming that as the property is 50/50 and it is written in the inheritance that the money is to be left to the children, the second husband should sell?? I hope everything works out ok, and you get some good answers from this post.
To answer my own question.Please do not think he is being pressured to sell, he has made a firm statement that he is not selling. I am trying to establish what my friends rights are and not taking a moral stance.He would not be put out of his home just for money but he may remarry, he is much younger than his deceased wife and has said as much.
josieann is right:-
(1) any TIC member can apply to a Court stating basically that the members fail to agree upon how the property should be managed and seeking an Order for the property to be sold and the proceeds divided according to the shares. It cannot be successfully opposed and an Order is always granted
(2) any TIC member can carry out necessary repairs but cannot recover the costs immediately from the other members. The costs are usually recovered by taking a lien on the property and being paid when the property is sold
(3) where occupation is ceded to one member of a TIC to live alone the charging of rent is a difficult thing and is usually forgotten. However, if the member brings other(s) to live there as well then rent is payable and is usually pursued.