Example Of Letter Of Agreement Between Two Parties In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00410
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement for the Partition and Division of Land' is a formal letter of agreement between co-owners of real property in Hennepin. It outlines the procedures for the voluntary partition and division of their shared property. The co-owners must identify the property, confirm their sole ownership, and delineate any liens or interests affecting the property. Key features include the equitable division of the property in kind, detailing the specific tracts each co-owner will receive, and the execution of quitclaim deeds for the transfer of ownership. Users are instructed to complete the form with accurate property descriptions and personal information. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate transactions and require a clear, legal method for dividing property among co-owners. The division ensures each party releases claims to the property they do not retain, thus preventing future disputes. The document also includes provisions for notarization, ensuring its legality and enforceability in the state.
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