What Queensland Statutory Asset Services Do
QSAS provide quality, outcome based property resolution services, tailored to your needs.
Property disputes are common place, but reaching common ground on how to resolve a deadlock can be tricky waters to navigate. The appointment of an experienced statutory trustee is a simple and effective solution.
Our mission is simple, to make sure the grass is greener on the other side.
Owning your own property – it’s the Australian dream!
But what happens when that dream turns into a nightmare, one that is triggered by a breakdown in the relationship between co-owners? Property ownership comes in all different shapes and sizes, whether it be the purchase of a family home or buying an investment property with family, friends, or business partners.
The fact is, relationships breakdowns are an unfortunate part of the world we live in. When it comes down to it, emotions can run high, but so can the financial cost for both parties.
There are a lot of variables to consider when owning a property and for everyone to be in agreement along the way, it may not always be that simple. Some common examples include deciding on who lives in the property, whether to rent it out, who to rent it to, whether to develop the property, build, subdivide etc..
So what happens when one co-owner no longer wants to be a ‘co-owner’ with the other and they simply cannot agree on an exit strategy?
Even if an agreement can be reached on selling the property, when it comes to selling a property, deciding on the method of sale, when to sell it, how much to sell it for, who to sell it to, which agent to appoint etc.
There is a feasible and practical solution to resolve property disputes, being to apply to court to appoint a Statutory Trustee.
The appointment of a Statutory Trustee is an exit strategy. A statutory trustee takes the emotion out of the sale process which, if left to fester, may result in there both parties walking away with nothing!
Sometimes it’s the only way to resolve a dispute, but quite often it is the best way.
Event Triggering appointment
Business Failure (for example charging clauses)
Partnership disputes (business partners or even close friends)
Family Law Disputes (spousal and siblings)
Bankruptcy