Section 66G of the Conveyancing Act 1919 (NSW) has emerged as the definitive legal mechanism for resolving property deadlocks when co-owners can’t agree on what to do with jointly held real estate. Unlike voluntary partition or informal agreements, s 66G provides court-backed enforcement that cuts through even the most entrenched disputes.
The provision allows any co-owner to apply to the Supreme Court of New South Wales for the appointment of independent trustees who take control of the property, manage its sale, and distribute proceeds according to ownership shares or specific court directives.
When Section 66G Becomes Your Best Option
- Inherited Property Deadlocks
Three siblings inherited their parents’ waterfront property valued at $3.2 million. Two wanted to sell immediately, while one insisted on keeping it as a family vacation home. After 18 months of increasingly hostile negotiations, a s 66G application resulted in court-appointed trustees managing a smooth sale. Each sibling received $1 million after costs, allowing them to make independent investment decisions.
- Investment Partnership Fractures
Four friends who purchased a commercial property through their self-managed super funds found themselves in disagreement when the market shifted. Two wanted to sell while the market was still favourable; two insisted on holding for further appreciation. The deadlock threatened their retirement funds and friendship. A s 66G application resulted in a structured sale that preserved their investment gains and their relationships.
- Relationship Breakdowns
After separation, former partners found themselves unable to agree on their jointly owned home. One wanted to retain ownership by buying out the other’s share but couldn’t secure financing. The other needed immediate access to their equity. Through s 66G proceedings, trustees managed a market-rate sale and equitable distribution of proceeds, allowing both parties to move forward financially.
- Business Co-Ownership Disputes
Two restaurant partners owned both their business and the building housing it. When the business relationship deteriorated, one partner refused to sell, effectively trapping the other’s capital. Section 66G provided the necessary legal framework to appoint trustees, sell the property, and unlock the capital for both parties.
Expert Guidance When You Need It Most
At Levi Consulting, we understand that property co-ownership disputes involve more than just legal processes, they impact relationships, financial security, and future plans.
David Levi brings over two decades of experience as a court-appointed trustee under s 66G, combining legal expertise with compassionate guidance through complex property matters.
For a confidential discussion about your specific situation and how s 66G might provide a resolution, contact David directly at 0418 602 466.
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