NTIn ForceAct
Law of Property Act 2000
42Right of co-owners to bid at sale under statutory power of sale
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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.