Chattanooga Tennessee Agreed Order regarding partition and sale

• Category: Tennessee Court Samples - Partitions - Sample Case 2
• State: Tennessee
• City: Chattanooga
• Control #: TN-CN-36-04
• Format: PDF

Description

A04 Agreed Order regarding partition and sale Chattanooga Tennessee Agreed Order regarding partition and sale is a legal document that governs the process of dividing and selling jointly-owned real estate located in Chattanooga, Tennessee. This agreement is designed to resolve disputes among co-owners who cannot come to an agreement on the partition and sale of the property. The Agreed Order is a binding agreement that outlines the specific terms and conditions under which the partition and sale will take place. It may include provisions such as the appointment of a court-appointed commissioner, who is responsible for overseeing and facilitating the partition and sale process. There are several types of Chattanooga Tennessee Agreed Orders regarding partition and sale, each catering to specific circumstances. These include: 1. Agreed Order for Partition and Sale by Private Sale: This type of order allows the co-owners to privately sell the property without court intervention. It may outline the agreed-upon method of sale, the division of proceeds, and other essential details. 2. Agreed Order for Partition and Sale by Auction: In situations where the co-owners cannot agree on a private sale, this order may require the property to be sold through an auction. The order may specify the auction process, including the selection of an auctioneer and the division of proceeds. 3. Agreed Order Appointing Commissioner for Partition and Sale: When co-owners are unable to agree on the terms of partition and sale, this order appoints a court-appointed commissioner to oversee the process. The commissioner acts as a neutral party who facilitates the sale, determines the partition method, and ensures a fair distribution of proceeds among the co-owners. 4. Agreed Order Determining Value and Sale: This order is used when co-owners dispute the value of the property. It may require a professional appraisal to determine an equitable value before the partition and sale can proceed. Regardless of the type of Agreed Order used, it is crucial for all parties involved to carefully review and comply with the terms and conditions outlined in the document. Failure to adhere to these terms may result in legal consequences and further delay the partition and sale process.

Chattanooga Tennessee Agreed Order regarding partition and sale is a legal document that governs the process of dividing and selling jointly-owned real estate located in Chattanooga, Tennessee. This agreement is designed to resolve disputes among co-owners who cannot come to an agreement on the partition and sale of the property. The Agreed Order is a binding agreement that outlines the specific terms and conditions under which the partition and sale will take place. It may include provisions such as the appointment of a court-appointed commissioner, who is responsible for overseeing and facilitating the partition and sale process. There are several types of Chattanooga Tennessee Agreed Orders regarding partition and sale, each catering to specific circumstances. These include: 1. Agreed Order for Partition and Sale by Private Sale: This type of order allows the co-owners to privately sell the property without court intervention. It may outline the agreed-upon method of sale, the division of proceeds, and other essential details. 2. Agreed Order for Partition and Sale by Auction: In situations where the co-owners cannot agree on a private sale, this order may require the property to be sold through an auction. The order may specify the auction process, including the selection of an auctioneer and the division of proceeds. 3. Agreed Order Appointing Commissioner for Partition and Sale: When co-owners are unable to agree on the terms of partition and sale, this order appoints a court-appointed commissioner to oversee the process. The commissioner acts as a neutral party who facilitates the sale, determines the partition method, and ensures a fair distribution of proceeds among the co-owners. 4. Agreed Order Determining Value and Sale: This order is used when co-owners dispute the value of the property. It may require a professional appraisal to determine an equitable value before the partition and sale can proceed. Regardless of the type of Agreed Order used, it is crucial for all parties involved to carefully review and comply with the terms and conditions outlined in the document. Failure to adhere to these terms may result in legal consequences and further delay the partition and sale process.