Partition Agreement With Waiver Of Rights In Fulton

State:
Multi-State
County:
Fulton
Control #:
US-00410
Format:
Word; 
Rich Text
Instant download

Description

This Partition Agreement is an Agreement for the Partition and Division of Real Property. This is a Voluntary agreement to partition and divide real property. This Agreement can be used in any state. This Agreement is to be signed in front of a notary public.
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  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property

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FAQ

To initiate a partition action in Pennsylvania, a co-owner must file a partition complaint at the Court of Common Pleas. The Complaint will set forth the property description, the names and addresses of the co-owners, and their interest in the property.

The first step in a real estate partition is to file a partition action lawsuit in the Chancery Division of the County Superior Court where the property is located. All of the co-owners must be named along with anyone with present or future interests in the property.

A partition action is a lawsuit in which a court determines whether a property with two or more owners is to be partitioned or sold. When two or more owners cannot agree on the disposition of the property in question, any of the owners can file a partition action in the appropriate court.

More info

(d) Oral waivers of partition rights are unenforceable. This document summarizes an extrajudicial settlement of an estate with a special power of attorney to sell property.A partition agreement may be an express statement that the right to partition is waived. While it is possible for a coowner to waive the right to partition a property, it is a rarely seen and cannot happen accidentally. A waiver is just an agreement that the right to partition will not apply in the situation. With the rights and obligations specified in the Contract.

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Partition Agreement With Waiver Of Rights In Fulton