Law of Property Act 2000
42Right of co-owners to bid at sale under statutory power of sale
Start here
Get a plain-English read of 42
Turn the raw legal text into a practical explanation grounded in Law of Property Act 2000.
42 Right of co-owners to bid at sale under statutory power of sale (1) On a sale under a statutory trust for sale the Court may allow any of the co-owners of the property to purchase the property or a part of the property, whether at auction or otherwise, on terms as to: (a) non-payment of deposit; (b) setting off or accounting for the purchase money or a part of the purchase money instead of paying the money or the part of it; or (c) any other matter, as the Court thinks reasonable. (2) A co-owner with a right to purchase is not, without the leave of the Court, entitled to act as trustee in connection with the sale.