Chapter 9- Disputed Between Coowners Flashcards
What is the TLATA short for
Trust of Land and Appointment of Trustees Act 1996
Under s12 TLATA 1996 does a beneficiary have the right to occupy?
Yes where purpose of the trust includes making the property available for beneficiaries they have right of occupation
What S of the TLATA act states trustees must notify beneficiaries of movement of the land
S11 - unless specifically specified not to
What does s14 TLATA cover
Person with interest in the property to make an application for order of sale to the court.
Can also prevent a sale under the same section with an order
What 4 factors will the court consider before ordering a sale of property under s15(1) TLATA
1- intentions behind the creation of the trust
2- purpose of the property
3- welfare of a child or potential child who might inhabit the property
4- the interest of any secured creditor or beneficiaries
What case contradicts Bank of Ireland home mortgages v bell (case where child almost 18 order to sale was awarded)
Mortgage corporation v Shaire
Sake of the home suspending till children were 18
Which case enabled factors of sale to be broadened on S15(1) of the act
Roadway v Landy sale of GP surgery
Example case where s14 or s15 could not be applied as a result of the order subject to sale agreement
Finch and others v Hall
Trust stayed all 4 must agree to sale but 4th did not agree. Court could not overral