Section 343 — Property Law Act 2007: Further powers of court
Text of the provision Official document
343 Further powers of court A further order referred to in section 339(4) is an order that is made in addition to an order under section 339(1) and that does all or any of the following: (a) requires the payment of compensation by 1 or more co-owners of the property to 1 or more other co-owners: (b) fixes a reserve price on any sale of the property: (c) directs how the expenses of any sale or division of the property are to be borne: (d) directs how the proceeds of any sale of the property, and any interest on the purchase amount, are to be divided or applied: (e) allows a co-owner, on a sale of the property, to make an offer for it, on any terms the court considers reasonable concerning— (i) the non-payment of a deposit; or (ii) the setting-off or accounting for all or part of the purchase price instead of paying it in cash: (f) requires the payment by any person of a fair occupation rent for all or any part of the property: (g) provides for, or requires, any other matters or steps the court considers necessary or desirable as a consequence of the making of the order under section 339(1) . Compare: Partition Act 1539 , 31 Hen 8, c 1 (Imp); Partition Act 1540 , 32 Hen 8, c 32 (Imp); 1952 No 51 ss 140–143
Official source: legislation.govt.nz
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