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PROPERTY: Derrilin Drama
Eva Joy Ambrus v Lee Ellen Buchanan [2022] NSWSC 1628
Two people own a block of land. One wants to sell, one doesn't. What's to be done?
The co-owner who wants to sell can apply to the Court under section 66G of the Conveyancing Act 1919 (NSW) for trustees to be appointed who will then sell the property and divide the proceeds.
But what happens if there are 12 co-owners and the one who wants to sell only owns a 1/56th share? That is what happened with Derrilin, a large 120 hectare property located on the edge of Mount Warning National Park.
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By Tanya ChapmanEva Joy Ambrus v Lee Ellen Buchanan [2022] NSWSC 1628
Two people own a block of land. One wants to sell, one doesn't. What's to be done?
The co-owner who wants to sell can apply to the Court under section 66G of the Conveyancing Act 1919 (NSW) for trustees to be appointed who will then sell the property and divide the proceeds.
But what happens if there are 12 co-owners and the one who wants to sell only owns a 1/56th share? That is what happened with Derrilin, a large 120 hectare property located on the edge of Mount Warning National Park.
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