This form is used when the parties agree that all property they may acquire during their marriage, property that would have otherwise been community property, will be partitioned into separate estates.
Partition Agreement Texas Form Form
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For purposes of divorce, partition is a legal process that divides property, usually real property, into fractional shares for the spouses. Divorce or legal separation establishes grounds for partition in a divorce for jointly-owned marital assets of the spouses.
In Texas, spouses can enter into agreements (often referred to as partition or exchange agreements) during marriage, partitioning community property between themselves. A partition or exchange agreement must satisfy several requirements to be valid and enforceable, including being signed by both spouses.
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 means division. The opposing co-owners have the absolute right by law to divide the property and sell their portion with the legal remedy of Partition.
Partition is the separation and division of a thing held in common among the co-owners or co-heirs. Its objective is to designate to each party their respective shares and their portion of the property owned in common. Upon partition, titles will be transferred to the party where it rightfully belongs.
A partition is a division of concurrent interests in land. Such types of concurrent ownerships are usually either joint tenancies or tenancies in common.
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