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Agreement for the Partition and Division of Real Property

Partition Agreement Sample With Sale In Georgia

Category:

Civil Actions - Partitions

State:

Multi-State

Control #:

US-00410

Format:

Instant download

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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If the coowners cannot agree on how to dispose of the property, the new owners could sue for partition of property and force its sale. The document is a partition agreement between two parties to terminate their community ownership of a parcel of land and divide it between them.When two or more people own the same property, one of the owners CAN force a sale of the jointly owned property via a partition action or lawsuit. As used in this Code section, the term: "Party in interest" means any person, other than a petitioner, having an interest in property. The goal of a partition action is to take a jointly owned property and separate the legal interest of the coowners into individual interests. A property settlement agreement becomes a legally binding part of the final judgment when your marriage is officially dissolved. This instrument relates to a PARTITION AGREEMENT of a parcel of land subdivided into _________________ lots and consists of THREE (3) pages including this page.

Partition Agreement Sample With Sale In Georgia

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