ToLATA - Rights to Property
What is ToLATA?
The refers to a legal Act called "Trusts of Land and Appointments of Trustees Act 1996"
This legal dispute is usually triggered when unmarried couples separate, which combines a Cohabitation Dispute with Dispute Resolution. With our legal expertise in both family law and dispute resolution we are equipped to give specialist advise without the need to instruct two different firms of solicitors.
Most of these disputes arise when couples sell their individual properties and buy properties together. These can include residential homes, additional properties (holiday homes, etc) or commercial premises for business purposes.
Disputes usually arise due to the amount of equity each party has invested into the properties, and splitting any gains from selling the premises. There may be a dispute due to one party refusing to leave the property and disagreements over the value of the assets.
As dispute resolution experts, we will always advise on the best course of action for our client, however, without immediate (and sensible) legal advice, fees can quickly rise. Settling these disputes early is advantageous to both parties so the equity does not get lost in legal costs.
For more expert advice please call us on 0121 355 0011.