Partition is the division of real or personal property between co-owners. The document is a partition agreement between two parties to terminate their community ownership of a parcel of land and divide it between them.This instrument relates to a PARTITION AGREEMENT of a parcel of land subdivided into _________________ lots and consists of THREE (3) pages including this page. After completing this form, you should file the. The parties agree to publish this instrument in a newspaper of general circulation in the City and Province of _____ once a week for three consecutive weeks.