What is a mesher order?
A Mesher Order, also sometimes known as an ‘order for deferred sale’, is an order for the family home to remain in the couple’s joint names until a specific trigger event happens. This type of order is applicable at a divorce’s financial settlement stage.
When the trigger event occurs, the couple will sell the property, and the proceeds will be divided.
What are trigger events?
A mesher order will only be active until the trigger event specified in the order happens.
Examples of the events that trigger the end date of a mesher order are as follows:
- When children leave home.
- The youngest child of the marriage reaching 18.
- The death of the occupying party.
- The remarriage of the occupying party.
- The cohabitation of the occupying party.