Partition Agreement With Sale In Nevada
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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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A partition action enables you to force the sale of property when coowners are refusing to sell. The fourth partner insisted they move ahead, and they managed to negotiate an agreement where all four would get an equal share of the estate.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. In a partition, the land is sold to satisfy tenantincommon interests, often in a sale that does not meet market value. The revenues are shared among the co-owners based on their shares. What are the Types of Partition Actions? Most states will utilize both methods. Owner always has the right to the forced sale. A partition lawsuit can end in the forced sale of jointly owned real estate. In 2022 and 2023, I was the top ranked attorney on the Contract Counsel site based upon number of clients, quality of work and number of 5 Star reviews.