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Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.Currently own property with friend. Buying out help/advice.
Comments
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Tenants in common have individual rights in their property. They can dispose of their shares in it as they wish. So A can sell his interest.
But, putting the property on the market for sale affects the other co-owner. If B doesn’t want to sell the property, he could refuse to sign the property transfer document which would make it difficult to complete the sale to a buyer.
The Form A Restriction
Form A (Restriction on dispositions by sole proprietor)
No disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises is to be registered unless authorised by an order of the court.0 -
Well in theory you could offer him less than market value, since if you don't sell he'll be on the hook for additional stamp duty with his GF0
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