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Agreement for the Partition and Division of Real Property

Partition Agreement With Waiver Of Rights In Sacramento

Category:

Civil Actions - Partitions

State:

Multi-State

County:

Sacramento

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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A waiver of the right to partition is extremely rare and requires specific circumstances rarely seen in coowned real estate in California. A partition agreement may be an express statement that the right to partition is waived.Unless a co-owner has signed a waiver, an owner has an absolute right to partition his or her interests in the property and force a sale of the property. While it is possible for a coowner to waive the right to partition a property, it is a rarely seen and cannot happen accidentally. Generally, a partition action cannot be stopped absent a valid waiver. A partition action enables you to force the sale of property when coowners are refusing to sell. Community property cannot be partitioned. A California partition action happens when one co-owner of real property wants to sell but other co-owners do not want to sell their ownership rights. Partition is the right of any coowner to require a courtordered split of real estate, or its sale and a split of the money. Partition is common when co-owners cannot agree on what to do with the property.

Partition Agreement With Waiver Of Rights In Sacramento

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