This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
California Agreement as to Tenancy-in-Common Ownership of Premises with neither Owner to Sell or Rent Premises without Other's Consent
State:
Multi-State
Control #:
US-02284BG
Format:
Word
Instant download
Description
Free preview
How to fill out Agreement As To Tenancy-in-Common Ownership Of Premises With Neither Owner To Sell Or Rent Premises Without Other's Consent?
Are you presently in a situation where you require documents for either organizational or personal tasks almost every day.
There are numerous approved document templates accessible online, but locating ones you can rely on can be challenging.
US Legal Forms offers an extensive selection of document templates, such as the California Agreement regarding Tenancy-in-Common Ownership of Premises that prohibits either Owner from Selling or Renting Premises without the Other's Consent, which can be customized to meet state and federal requirements.
Select the pricing plan you prefer, fill in the required information to create your account, and process the payment using your PayPal or credit card.
Choose a convenient document format and download your copy. Access all the document templates you have purchased in the My documents section. You can retrieve an additional copy of the California Agreement regarding Tenancy-in-Common Ownership of Premises that prohibits either Owner from Selling or Renting Premises without the Other's Consent at any time, if needed. Simply select the desired template to download or print the document template. Utilize US Legal Forms, the most comprehensive variety of legal documents, to save time and avoid errors. The service offers well-crafted legal document templates that can be used for numerous purposes. Create an account with US Legal Forms and start simplifying your life a bit.
- If you are already familiar with the US Legal Forms website and possess an account, simply Log In.
- Once logged in, you can obtain the California Agreement regarding Tenancy-in-Common Ownership of Premises that prohibits either Owner from Selling or Renting Premises without the Other's Consent template.
- If you do not have an account and wish to use US Legal Forms, follow these steps.
- Identify the template you need and confirm it is for the correct city/county.
- Utilize the Preview feature to examine the form.
- Review the description to ensure you have selected the appropriate template.
- If the template is not what you need, use the Search section to find the one that fits your requirements.
- When you find the right template, click Buy now.
Form popularity
FAQ
If a tenant in common refuses to sell, a co-owner can force the sale of the TIC or do a partition. A tenant in common can petition the court to do a forced sale of the entire property. In this situation, the court takes control of the property and the court performs a forced sale.
If you own real property as a joint tenant or tenant in common with another party and wish to sell your share in the property, but the other owners do not wish to sell or do not have the funds to buy you out, you can make an application to court seeking the appointment of a statutory trustee to sell the property
You may have no other choice but to go to court to force a sale. The proceeds of the house sale may go toward paying your mortgage off and you can walk away. However, if you transfer ownership in another way, you'll need to ensure that the remaining co-owners are willing and are able to refinance the loan without you.
Joint tenancy has certain rules of sale and therefore requires all parties to agree and sign the transfer. Whereas in tenants in common, there's no rules on selling and any owner of shares can sell their share to whoever they choose, and don't need permission from any other parties.
A joint tenancy does not end when one joint tenant moves out of the property. If at least one of the joint tenants continues to live in the property as their only or principal home, the tenancy continues. The departing tenant can still be pursued for future rent arrears or costs due under the agreement.
Can I force them to sell? A If you and your co-owners are tenants in common - and so each own a distinct share of the property - then yes you can force a sale.
If you hold your property as tenants in common and wish to sell the property following the death of your partner, as the property's legal owner, you have the right to do this. You can appoint an additional trustee in place of the deceased owner to give good receipt for purchase monies and enable the sale to proceed.
A If you and your co-owners are tenants in common - and so each own a distinct share of the property - then yes you can force a sale. However, to do so you would need to apply to a court for an "order for sale".
Can I force them to sell? A If you and your co-owners are tenants in common - and so each own a distinct share of the property - then yes you can force a sale. However, to do so you would need to apply to a court for an "order for sale".