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 document is a deed of partition agreement with sale between co-owners of a parcel of land.It divides the land into specific shares awarded to each owner. If several persons have the right of ownership of a particular thing, each co-owner is entitled to demand partition of the thing owned in common. No, both the agreements have different purposes and different methodology of drafting. Step 4: Complete the requested information. ​​ Enter the requested information for the seller, buyer, and preparer.