DESIGNED to overcome disputes involving the division of co-owned properties, a bill has been submitted to Parliament that will give the Directors of Land Registries powers to resolve the situation.
The bill seeks to provide a resolution to co-owning problems, when their owners seek to divide or distribute their properties and one or more of the co-owners refuses to cooperate without reasonable justification.
According to a report that accompanied the bill, the Director will be given the necessary powers to decide on the division and distribution of the co-owned property in question and will take into account contracts of sale, shares of ownership and building permits when reaching his decision.
In addition, the procedure to divide and distribute a co-owned property may be instigated by any interested party, the planning authority, or by the Director himself, while at the same time the Director will be able to distribute the new pieces or units.
The government believes that these changes to the law will be significant due to efforts being taken to legitimise planning infringements under the provisions of the Town Planning Amnesty. Many amnesty applications involve the shared ownership of land and the proposed changes to the law would ease the issuing of Title Deeds to the purchasers of properties and beneficiaries.
Being devoid of logic is the way things work in a lot of sectors to do with the govt. ‘law’, no idea how they can get away with what they get away with, anyway I believe the proposed law does help the many I believe co-owners who are stuck without the signatures of the other co-owners when it comes to decisions pertaining to plot….be it division or anything else, again being held hostage by others for what reason?
Yes Gavin it does seem logical.
And that’s why it’ll never happen !!
Or is that just me being cynical?
Why not tack on an additional clause to this bill which gives Land Registry Directors the power to automatically issue title deeds to all those who’ve bought real estate?
Seems logical.
Yet more adjustment of the Titanic orchestra conductor’s bow tie.
Good News? We will have to wait and see.
But still no Deeds no sale.
And Lawyers anything on the radar to stop their corrupt practices ?