Joint purchase
Joint purchase
- 1993
- Estates Gazette Case Summaries 1993 EGCS 149(1) (14/8/93) .
"Cheese v Thomas" CA 30 July 1993 centred on a property purchased jointly by an uncle and joint nephew. The uncle was entitled to live in the property for life, there was a disagreement and the house was sold. It was upheld that the parties should bear the loss in value of the property proportionally.
JOINT OWNERSHIP
JOINT PURCHASE
NEGATIVE EQUITY
VALUE
"Cheese v Thomas" CA 30 July 1993 centred on a property purchased jointly by an uncle and joint nephew. The uncle was entitled to live in the property for life, there was a disagreement and the house was sold. It was upheld that the parties should bear the loss in value of the property proportionally.
JOINT OWNERSHIP
JOINT PURCHASE
NEGATIVE EQUITY
VALUE