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One or both of the parties can file what is called a petition to partition to ask the court to divide the property equitably. The court can then give each party their share of these partitions, or force the sale of the property and apportion the proceeds ingly.
You can bring a partition complaint in the Land Court or the Probate and Family Court departments of the Massachusetts Trial Court. Frequently asked questions about Partition cases in the Land ... Mass.gov ? ... ? Land Court Mass.gov ? ... ? Land Court
Petition to partition is a legal action used to divide real estate or other assets jointly owned by family members, business partners, and other groups of people. After investigating the petition lawsuit, the court will choose to divide the property through partition in kind or forced sale partition.
Partition is the division of real or personal property between or among two or more co-owners, such as joint tenants or tenants-in-common. Partition is not a remedy available to owners who hold title as community property or quasi-community property. Partition Actions: How to Terminate Joint Ownership of Real Property kaufmandolowich.com ? uploads ? 2019/04 kaufmandolowich.com ? uploads ? 2019/04
A partition action must be initiated with a verified complaint filed in the circuit court of the county where the land is located. 735 ILCS 5/17-101. The verified complaint needs to include a particular description of the premises sought to be divided.
The minority owner CAN force a sale against the will of the majority owners. The law allows any co-owner to facture the joint ownership via a partition action. Yes! In most cases, ANY co-owner (even a minority owner) can force a sale of the property regardless of whether the other owners want to sell or not.
Owners can agree to a market sale and division of proceeds outside of court. However, if the owners cannot agree, one individual can file a petition for a partition of land which will result in the forced sale of the property. The court can also order one party to buy out the other's interest. Dividing jointly-owned real estate through a partition of land Phillips & Angley ? articles ? dividing-j... Phillips & Angley ? articles ? dividing-j...
If the partition complaint is verified, each paragraph in the complaint must be addressed in the answer. Defendants can admit the allegations, deny the allegations, claim they have insufficient knowledge to admit or deny the allegations, or object to allegations by giving a reason for the objection. What is an Answer to a Partition Action? - Talkov Law talkovlaw.com ? answer-partition-action talkovlaw.com ? answer-partition-action