An action for partition usually arises when there is a dispute as to how to divide property, or in a dispute as to whether property should be sold. One co-owner of real property can file to get a court order requiring the sale of the property and division of the profits, or division of the land between the co-owners, which is often a practical impossibility. Normally, a partition order provides for an appraisal of the total property, which sets the price for one of the parties to buy out the other's half.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A New Hampshire Agreement by Co-Tenants Restricting Right of Partition refers to a legally binding contract between co-tenants in the state of New Hampshire that limits or prohibits the right of any individual co-tenant to seek partition of a jointly owned property. This agreement is specifically relevant when multiple individuals own real estate together and allows for the preservation of the property's integrity. The purpose of this agreement is to ensure that co-tenants are unable to divide or distribute the property amongst themselves or force a sale without the majority consent of all co-tenants involved. By restricting the right of partition, this agreement safeguards the co-owners from potential disputes or conflicts that could arise from the division or sale of the property, aiming to maintain the collective ownership. Keywords: New Hampshire, Agreement, Co-Tenants, Restricting, Right of Partition, legally binding, contract, co-owners, jointly owned property, real estate, preservation, integrity, divide, distribute, sale, majority consent, disputes, conflicts, collective ownership. Different types of New Hampshire Agreement by Co-Tenants Restricting Right of Partition may include: 1. Non-Partition Agreement: This restricts any co-tenant from seeking partition of the property, ensuring the property remains undivided and jointly owned by the co-tenants. 2. Limited Partition Agreement: This agreement allows partition of the property only under certain specified conditions, such as unanimous consent from all co-tenants or after a specific time period has passed. 3. Conditional Partition Agreement: This type of agreement restricts partition unless specific predefined conditions are met, such as a change in the ownership structure or a significant alteration in the use of the property. 4. Equal Share Partition Agreement: This agreement limits partition by requiring an equal distribution of the property amongst the co-tenants, ensuring that no individual co-tenant can claim a larger portion than others. These variations cater to specific circumstances and preferences of co-tenants, granting them additional control and protection over their collective ownership and the property's future.A New Hampshire Agreement by Co-Tenants Restricting Right of Partition refers to a legally binding contract between co-tenants in the state of New Hampshire that limits or prohibits the right of any individual co-tenant to seek partition of a jointly owned property. This agreement is specifically relevant when multiple individuals own real estate together and allows for the preservation of the property's integrity. The purpose of this agreement is to ensure that co-tenants are unable to divide or distribute the property amongst themselves or force a sale without the majority consent of all co-tenants involved. By restricting the right of partition, this agreement safeguards the co-owners from potential disputes or conflicts that could arise from the division or sale of the property, aiming to maintain the collective ownership. Keywords: New Hampshire, Agreement, Co-Tenants, Restricting, Right of Partition, legally binding, contract, co-owners, jointly owned property, real estate, preservation, integrity, divide, distribute, sale, majority consent, disputes, conflicts, collective ownership. Different types of New Hampshire Agreement by Co-Tenants Restricting Right of Partition may include: 1. Non-Partition Agreement: This restricts any co-tenant from seeking partition of the property, ensuring the property remains undivided and jointly owned by the co-tenants. 2. Limited Partition Agreement: This agreement allows partition of the property only under certain specified conditions, such as unanimous consent from all co-tenants or after a specific time period has passed. 3. Conditional Partition Agreement: This type of agreement restricts partition unless specific predefined conditions are met, such as a change in the ownership structure or a significant alteration in the use of the property. 4. Equal Share Partition Agreement: This agreement limits partition by requiring an equal distribution of the property amongst the co-tenants, ensuring that no individual co-tenant can claim a larger portion than others. These variations cater to specific circumstances and preferences of co-tenants, granting them additional control and protection over their collective ownership and the property's future.
