Sample Partition Agreement With Sale In Kings
Category:
State:
Multi-State
County:
Kings
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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The document is a partition agreement between two parties to terminate their community ownership of a parcel of land and divide it between them. If the coowners cannot agree on how to dispose of the property, the new owners could sue for partition of property and force its sale.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. Actions and Proceeding Law for partition of a certain parcel of property titled to the parties and located in the County of Kings and known as. Block. Lot. The heirs of a deceased property owner formalized the partition and administration of the inherited property through a Deed of Partition with Waiver. Either court order or agreement will have provisions for a lot more than the disposition of the sale proceeds. A partition lawsuit can end in the forced sale of jointly owned real estate.