The property was purchased with the intention of reselling it, but the owner overcapitalized. She couldn`t have her price. Eventually, she decided to rent the property, and now she is playing the waiting game until the area starts to improve. South African law provides that any co-owner of property may at any time insist that ownership be shared or shared. Be careful not to be too caught up in the effervescence of buying real estate in common. Always remember that people and their ideas change and you shouldn`t put yourself in a situation that`s hard to get out of. If this is not profitable, which is usually the case for a farm, the property can be allocated to a co-owner who will then have to compensate the other co-owners. The court may also order that the property be sold by public auction and that the proceeds be distributed among the co-owners. There is strict legal control over the subdivision of land, as well as the actual physical distribution and use of land, so division may not always be possible. My mother and I have a property that was bought in 1991 — she wants to leave her share for one of her grandchildren? Can it do it? We did not reach an agreement.
The property is 50/50 This is a global agreement to register the co-ownership of a single property. The owners may agree that if one of them wishes to sell his share, the entire property must be sold and the proceeds must be shared, or the agreement may provide that the owner who wishes to sell must give a subscription right to the other owner. Finally, the agreement must specify how the proceeds of a sale of the property are to be distributed after the repayment of the loan and after the payment of the brokerage commission and all other expenses.. . . .