Partition Agreement Format In North Carolina

State:
Multi-State
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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  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property
  • Preview Agreement for the Partition and Division of Real Property

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FAQ

Any owner of the property may file for partition. This is a court case in which the owner asks a judge to divide up the property. Typically, this results in the judge ordering the property sold at auction. Anyone, including investors from outside the family, may buy the property at a sale.

A California partition action happens when one co-owner of real property wants to sell but other co-owners do not want to sell their ownership rights. Partition means division. The opposing co-owners have the absolute right by law to divide the property and sell their portion with the legal remedy of “Partition”.

A partition action usually takes between six to nine months depending on the circumstances and the complexity of each case. The most significant factor is whether the partition is being handled by an attorney who practices only in partition law.

It must be filed with the Clerk of Court in the Superior Court division of the county (or one of the counties) where the real estate is located. The Clerk will act as the judge in the case and will appoint at least three neutral parties called commissioners to oversee the property's division.

A partition action is a lawsuit between co-owners of real property who cant agree as to any aspect of the management of the property, or for example, whether to sell the real property. Partition actions are governed by Chapter 64, Florida Statutes.

More info

The first step in a partition proceeding is filing a petition with the Clerk of Superior Court in the appropriate jurisdiction. It is common for disputes to arise over jointly owned propert and partition proceedings are used to settle to property disputes in North Carolina.File a written answer in the office of the Clerk of Superior Court for the county named above within 30 days of the date you were served. 1. 8 Partition Petition - Free download as PDF File (. Pdf) or read online for free. Looking for local rules and forms? In a partition proceeding under this Article, the court shall order one of the following methods of partitioning the real property: (1). Investigate "Partition Action": The attorney might recommend filing a partition action in court.

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Partition Agreement Format In North Carolina