Three partner property investment dispute?

Three partner property investment dispute?

0:03 AM, 9th October 2024, About 15 hours ago 1

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Dear Fellow readers, I have a question regarding partnership law.

Can an investment property held by three partners in equal shares (not under a Limited Company) be sold by two of the partners if the third partner is opposed to the sale as he wants to purchase the property himself?

However, the other two partners will not sell it to him under any circumstances.

I am wondering what the legal position is in this scenario and if the third partner has the right of veto?

I would be most grateful for any advice and experience in this matter.

Jess


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Neil Patterson

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11:46 AM, 9th October 2024, About 4 hours ago

Hi Jess, Do you have a Partnership agreement and what does it say?

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