Sample Partition Agreement With Waiver Of Rights In Arizona
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Description
The Sample Partition Agreement with Waiver of Rights in Arizona allows co-owners of real property to effectuate a voluntary partition and division of the property in an equitable manner. This legally binding document identifies the specific tracts of land each co-owner will receive, as detailed in accompanying exhibits. Co-owners affirm they are the sole owners and detail any other interests, like liens, that may exist. Upon execution, the agreement releases any claims between co-owners regarding the divided property, ensuring clear ownership. Filling out the agreement requires specifying the property details, co-owner names, and the assigned tracts. The form must be signed in the presence of a notary public to verify authenticity. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with property divisions, ensuring clients have a clear and enforceable record of ownership. It aids in avoiding future disputes by clearly delineating each party's rights and responsibilities.
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