Texas Partition Agreement With Sale In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00410
Format:
Word;
Rich Text
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. Partition is the legal term referring to division of real property interests among co-owners (tenants in common).A partition lawsuit can be pretty difficult to stop, though it is not impossible with help from an experienced property dispute lawyer. If other co-owners don't want to sell, it's difficult to stop, but there are solutions. This research guide includes information and resources on partition. When there are multiple claimants or joint owners to real or personal property,. After deducting fees and costs, the sale proceeds go to each owner based on their relative ownership shares. Real estate partition is an involved and expensive process.