Trustee Appointments to Overcome Stalmates and Release Value
(Trustee Appointment under Section 66G of the Conveyancing Act 1919)
Are you a co-owner of a property and cannot resolve the property dispute in a fair and reasonable manner. We are regularly appointed to act as Trustees in property disputes and have a depth of experience in this field.
Appointment of a Trustee is usually made in respect of an application to the Court by one of the joint owners of real estate outlining the nature of the dispute with the other co-owner so that a Trustee can be appointed to take charge regarding the sale of the real estate.
Taking possession of the real estate makes the sale process easier and any secured debts and the costs of sale are paid out on settlement and the resulting surplus is then held on statutory trust for the co-owners.