Partition Settlement Agreement With Sale In King
Category:
State:
Multi-State
County:
King
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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A partition action enables you to force the sale of property when coowners are refusing to sell. Such an agreement should contain an initial listing price for the property.A partition action is a legal mechanism commonly used when two or more coowners of a property cannot agree on what to do with the property. The party seeking partition will petition the court to force a sale of the property and then divide the proceeds of that sale. Therefore, the cheapest option is if both sides agree to a partition settlement or agreement. Settlement agreements can be negotiated at any stage of the partition action and, once finalized, can be submitted to the court for approval. Conclusion.