Issue 79 of Irish Conveyancing Precedents has just been added to our Irish Property Law service. Containing new case law as well as revised co-ownership agreements, this issue is now live for online subscribers.
An excerpt from the 'notes' section of this new co-ownership agreement reads:
'This agreement is intended for use in circumstances where trustees, appointed under a discretionary trust in a will have invested the trust funds in the purchase of a property for the beneficiary of the trust. In this agreement an arrangement is in place to provide for circumstances where the trustees have been assisted by one or more co-owners in the purchase of the property for the beneficiary. An example would be where one or more siblings will part fund the investment of a property, with the trustees, to provide a home for the beneficiary where there are not sufficient trust funds available to purchase the property outright.'
Subscribers to Irish Property Law can access the update in full by clicking here. Non-subscribers can click the button below to commence a free trial of all BPrO online services, including access to Irish Conveyancing Precedents.