Property  

Handling property when a non-marital relationship breaks down

  • Describe the challenges of splitting property when a non-married couple break up
  • Explain the different implications when it is tenants in common and sole ownership
  • Identify what happens when there is no cohabitation agreement
CPD
Approx.30min

When there is dispute over property when an unmarried couple go their separate ways, it is nearly always advisable for the couple to try and resolve their differences themselves to save money on professional fees and to save time. 

When this is not possible, mediation or another method of dispute resolution may help them reach an agreement.

Article continues after advert

If this is unsuccessful, the couple may wish to engage their own legal representatives to try and reach a negotiated settlement and if they are able to reach an agreement, this can be set out in a separation agreement.

The last resort would be to make an application to the court for the court’s assistance in resolving their dispute under the Trust of Land and Appointment of Trustees Act 1996.

This can include seeking a declaration specifying what the parties’ individual shares in the property are, who should occupy the property and can also include a request for an order that the property is placed on the open market for sale. 

Victoria Emens is a senior associate in the family team and Hollie Lilley is an associate in the property disputes team at RWK Goodman

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. One of the parties’ names is solely on the title, they are entitled to sole ownership of the property, regardless of any financial contributions that may have been made by the other party, true or false?

  2. What can the 'non-owning' party do in the event of the other individual having 'sole ownership' of the property?

  3. When can an individual make a claim against the sole owner of the property?

  4. Which of the following is NOT a factor a court will take into consideration when taking account of the split with tenants in common?

  5. Courts have ruled that in cases of tenants in common, a 50/50 split can be changed to a 90/10 split, true or false?

  6. Which of the following does a declaration of trust NOT cover?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe the challenges of splitting property when a non-married couple break up
  • Explain the different implications when it is tenants in common and sole ownership
  • Identify what happens when there is no cohabitation agreement

I completed this CPD in

To bank your CPD please complete the form below.

Were the stated learning objectives met?

Why weren't they met?

What did you learn from undertaking this CPD exercise?

Why did you undertake this piece of learning?

Any comments about this article or FTAdviser's CPD in general?

Banked!

Congratulations, you have successfully completed and banked this piece of CPD

Already Banked!

You have already banked for this article.

To bank your CPD you must or

Register

One or more questions have been incorrectly answered,
 please review your answers and try again.

Please complete all the above text fields to bank your CPD.

More Investments CPDSee my completed CPDSee all CPD