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Yes, Colorado has a partition statute that allow one co-owner (tenants-in-common or joint-tenants) to petition the court to have a commissioner appointed to either divide (large acreage) or sell the property and split the proceeds on a contribution basis. Partition Lawyer Colorado | Property Law | JBP jbplegal.com ? real-estate ? partition-actions jbplegal.com ? real-estate ? partition-actions
However, while a partition action may be expensive, that should not be a bar from seeking to partition property as Colorado law allows for the recovery of certain costs, including the cost of a commissioner and legal fees. If awarded, these costs will come from the final proceeds of the sale. Costs of Partition Actions in Colorado | Baker Law Group jbakerlawgroup.com ? what-are-the-costs-of-partit... jbakerlawgroup.com ? what-are-the-costs-of-partit...
Generally, there are two types of partitions. They are: partition in kind; and. partition by sale. Types of Partition uslegal.com ? types-of-partition uslegal.com ? types-of-partition
Partition deed is a legal document that classifies the shares and rights of an owner. Once the deed is made, it means that an owner is entitled to sell, gift, or transfer the property ownership to any other person. Mostly, the partition deed is made when a property is under distribution process and is owned co-jointly.
Partition is the division of real or personal property between or among two or more co-owners, such as joint tenants or tenants-in-common. Partition is not a remedy available to owners who hold title as community property or quasi-community property.