Hi,
I have a share in the house I live in which is Tenants in Common. I have almost one third share of the property. If one of the other share holders wishes to sell their one third share, will the whole house have to be sold, i.e. will I have to move out of the property?
many thanks
Andre
Neil Quantick Changed status to publish 5th August 2024
Hey Andre, and thanks so much for reaching out to QLAW.
Whilst we cannot advise you specifically on your particular circumstances, this query does come up from time and time and is essentially one of a practical nature. If you (or anyone else) can ‘buy out’ the share wanting to leave then great. If you cannot, then there is no option but to sell.
Hope that helps. Anyone else have any thoughts that might be helpful to Andre?
Neil Quantick Changed status to publish 5th August 2024
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