Pennsylvania Statement of Division [DSCB:15-366]

State:
Pennsylvania
Control #:
PA-SKU-0290
Format:
PDF
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Description

Statement of Division [DSCB:15-366] The Pennsylvania Statement of Division [DSC:15-366] is a form that is used to divide a property between two or more persons or entities. It is typically used when a property owner wishes to divide their real estate holdings into multiple shares, or if a married couple wants to divide their property upon divorce. It is an official document that must be executed before a court order of division can be made. There are three types of Pennsylvania Statement of Division [DSC:15-366]: Simple, Joint Tenancy, and Tenancy in Common. The Simple Division is used when two or more individuals are to divide the property equally. The Joint Tenancy Division is used when two or more individuals are to divide the property with unequal shares. The Tenancy in Common Division is used when two or more individuals are to divide the property with unequal shares, but each individual has the right to leave their share to someone else upon their death.

The Pennsylvania Statement of Division [DSC:15-366] is a form that is used to divide a property between two or more persons or entities. It is typically used when a property owner wishes to divide their real estate holdings into multiple shares, or if a married couple wants to divide their property upon divorce. It is an official document that must be executed before a court order of division can be made. There are three types of Pennsylvania Statement of Division [DSC:15-366]: Simple, Joint Tenancy, and Tenancy in Common. The Simple Division is used when two or more individuals are to divide the property equally. The Joint Tenancy Division is used when two or more individuals are to divide the property with unequal shares. The Tenancy in Common Division is used when two or more individuals are to divide the property with unequal shares, but each individual has the right to leave their share to someone else upon their death.

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Pennsylvania Statement of Division [DSCB:15-366]