Partition Agreement With Waiver Of Rights In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00410
Format:
Word;
Rich Text
Instant download
Description
The Partition Agreement with Waiver of Rights in Kings is a legal document designed for co-owners of real property to voluntarily divide their shared land. This agreement confirms the ownership of the property by the co-owners and stipulates that they know of no other parties with claims. It allows for an equitable division of the property, specifying which co-owner receives which tract, as detailed in attached exhibits. In executing the division, quitclaim deeds are included to formally transfer ownership without implied warranties. Once executed, the divided property is considered separately owned, and co-owners waive any claims to the portions assigned to others. This agreement is useful for attorneys, partners, and property owners who need clear documentation for transferring interests in shared property. Paralegals and legal assistants can assist in drafting and editing the agreement to ensure compliance with local laws. Overall, this document streamlines the partitioning process and protects the rights of all parties involved.
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