Civil Code (Cap. 16)

Civil Code (Cap. 16), article 506

Official PDF on legislation.mt

506. (1) It shall be lawful for the court, according to circumstances, to order, in lieu of the payment of the sum of m oney mentioned in the last preceding ar ticle, the imposition of a re nt- charge on the larger share in favour of the smaller share, secu red by the hypothecation of one or more of the immovables included in such larger share. (2) For the purposes of sub-article (1), the experts shall, unle ss exempted by the co-partitioners themselves, establish in their report the amount of such rent-charge as may be required for owelty of partition. (3) The provisions of this article shall not apply unless the inequality exceeds the sum of one hundred and sixteen euro and forty-seven cents (116.47) and is greater than the value of one - fourth part of t he larger share. Other cases where rent-charge may be imposed.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.