Missouri Agreement to Partition Real Property According to Award of Surveyor
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How to fill out Agreement To Partition Real Property According To Award Of Surveyor?
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FAQ
The partition by sale can be ordered to occur through a private sale, public auction or by listing the property with help from a licensed real estate broker. Partition by Kind: The court orders the physical division of property so that each co-owner receives an undivided interest in their portion of the property.
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.
The attorney's fees for the individual who filed the partition lawsuit are generally paid out of the proceeds from the sale of the property before the proceeds are divided ? so there is a benefit to being the first to file as the attorney's fees are divided among all the owners.
A partition agreement may be an express statement that the right to partition is waived. It may also be evidenced by a right of first refusal where one co-tenant is required to offer the property for sale to another co-tenant as a condition precedent to an action for partition.
The Partition Action Owners of real estate in Missouri can bring a partition action to resolve such disputes. The law prefers to physically divide the property ?in kind?. A court may instead order a sale of the property and divide the proceeds among the owners if a division in kind is not possible.
A partition lawsuit seeks to physically divide land among its owners, or to sell such land at public auction and divide the proceeds among the parties, if the land cannot be physically divided. Only owners holding the land as joint tenants, tenants in common, or by an estate for life or years may partition land.
It is worth noting that there are always exceptions. It is entirely possible for complex cases to be resolved faster than those with more simple terms. While the process will vary from case to case, it is reasonable to expect a partition action to take anywhere from 18 months to 24 months.