Need advice as majority owner of UK property!

RAS

Is this an inherited property?

If so, what exactly did the will say, who was the executor and is the property still held by the estate? Or did the executor transfer it to the beneficiaries?

TripleH

The fourth person lives in the property.

Is there a rental agreement in place?

If not then basically the majority are paying for them to live rent and mortgage free in their home. Why should they change the situation, they hold all the cards? (Although if no rental agreement, do you have keys to the property).

Moving will always leave them worse off.

(I don't agree with what this person is doing, but from their viewpoint the share is definitely skewed to them having control).

Sadly this is why this scenario is a bad idea. It may be only decidable in court at great expense.

macman

Basics: how is the house occupied by the 4th quarter-owner, and who pays for the maintenance and repairs to the property?
If they are living there rent-free, how did this situation arise?

skillboy88

The situation has developed as follows:

Two of the owners were a couple who have now split up yet both continue to live in the same property. They are not on very good terms. The other two owners are family members related to the female owner who still lives in the property. These two "hands off" family members were fine to not receive any rent whilst the couple who lived there were a couple. Now that the couple who live there have split up, it makes business sense to either a) buy the fourth person out b) get planning permission to increase the value of the plot of land and then sell it. Option B seems to have hit a road block because this fourth person doesn't want to spend any money applying for and getting planning permission!!

Perhaps it now makes sense for people living at the property to pay rent as this may encourage the fourth person to be more reasonable?

wilfred30

skillboy88 said:

Perhaps it now makes sense for people living at the property to pay rent as this may encourage the fourth person to be more reasonable?

How will you 'enforce' that if they refuse to pay?

koalakoala

Why not just sell it ?

Annisele

The couple who have split up - are they married?

RAS

skillboy88 said:

The situation has developed as follows:

Two of the owners were a couple who have now split up yet both continue to live in the same property. They are not on very good terms. The other two owners are family members related to the female owner who still lives in the property. These two "hands off" family members were fine to not receive any rent whilst the couple who lived there were a couple. Now that the couple who live there have split up, it makes business sense to either a) buy the fourth person out b) get planning permission to increase the value of the plot of land and then sell it. Option B seems to have hit a road block because this fourth person doesn't want to spend any money applying for and getting planning permission!!

Perhaps it now makes sense for people living at the property to pay rent as this may encourage the fourth person to be more reasonable?

So is the fourth person who refuses to move out or sell up the male member of the couple?

skillboy88

RAS said:

skillboy88 said:

The situation has developed as follows:

Two of the owners were a couple who have now split up yet both continue to live in the same property. They are not on very good terms. The other two owners are family members related to the female owner who still lives in the property. These two "hands off" family members were fine to not receive any rent whilst the couple who lived there were a couple. Now that the couple who live there have split up, it makes business sense to either a) buy the fourth person out b) get planning permission to increase the value of the plot of land and then sell it. Option B seems to have hit a road block because this fourth person doesn't want to spend any money applying for and getting planning permission!!

Perhaps it now makes sense for people living at the property to pay rent as this may encourage the fourth person to be more reasonable?

So is the fourth person who refuses to move out or sell up the male member of the couple?

 
Correct. The couple have never been married.

The property has not been sold yet because the female member of the ex-couple wants to continue to live in the property. Seems likely that there may be no other choice but to just sell it and then split the proceeds accordingly.

Ah.. sometimes life seems too complicated!

sheramber

But how can you sell it if the 4 th member doesn't agree?