Agreement Division Property With Tenants In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00410
Format:
Word;
Rich Text
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Description
This Partition Agreement is an Agreement for the Partition and Division of Real Property. This is a Voluntary agreement to partition and divide real property. This Agreement can be used in any state. This Agreement is to be signed in front of a notary public.
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New York is an equitable distribution state, which means that property must be divided as fairly as possible in a divorce. The plaintiff Snyder Fulton Street, LLC, and the defendant Fulton Interest, LLC, own, as tenants-in-common, certain real property in Brooklyn.Plaintiff acquired its interest in the property in 1998. Defendant purchased its interest in the property in February 2005 from a third party. While tenants in rent regulated or government subsidized apartments have special rights, many rules and laws apply to both unregulated and regulated apartments. The Magistrate Court has jurisdiction to hear landlord-tenant disputes which includes dispossessory proceedings. An eviction is an action to restore possession of property to the person entitled to it (landlord).