Partition Agreement Template With Sale In Maryland
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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. The document is a partition agreement between two parties to terminate their community ownership of a parcel of land and divide it between them.When two or more people own the same property, one of the owners CAN force a sale of the jointly owned property via a partition action or lawsuit. The owner who no longer wants ownership of the property can ask the court to force a sale in lieu of partition. When the owners seek to partition the property, any outstanding liens on the property must be satisfied before the land can be sold or divided.