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Nevada
Complaint for Partition of Real Property

Nevada Complaint for Partition of Real Property

Category:

Civil Actions - Complaints - Partitions

State:

Multi-State

Control #:

US-02663BG

Format:

Instant download

Description

A partition involves a court action to divide property. The action usually arises when a property is jointly owned and a dispute arises about how to divide it. The partition statutes govern actions for partition of real property and, in many cases, actions for the partition of personal property. The partition statutes do not apply to property divisions under the Family Law Act or in other types of cases specifically governed by other statutes.

A partition action may be initiated and maintained by a co-owner of personal property or an owner of an estate of inheritance, an estate for life, or an estate for years in real property where such property or estate therein is owned by several persons concurrently or in successive estates. Generally, a partition action may be maintained only by a person having the interest in the property, however, an equitable interest, is sufficient to support a partition action.

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How to fill out Complaint For Partition Of Real Property?

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FAQ

Put simply, a co-owner who brings a lawsuit for partition in California is seeking to fairly and equitably divide a piece of real property among all its co-owners with the help of the court.

Partition action is the legal process by which a court is called upon to divide (or part) the equitable interest in real property amongst co-owners who can't unanimously decide on what to do with the asset.

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 suit is an effective remedy for resolving real estate ownership disputes, particularly ones in which co-owners cannot agree on whether to sell or keep a piece of property.

NRS 39.120 Partition Court may order sale or partition. If the evidence establishes to the satisfaction of the court that the property, or any part of it, is so situated that partition cannot be made without great prejudice to the owners or if the owners consent, the court may order a sale thereof.

Any person with an existing or future interest in the property may bring the action for partition. This includes existing co owners (joint tenants; tenants in common, etc.) as well as people with a future interest (remainder men to life estates.) However, lien holders do NOT have the right to 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. This article focuses on the Partition of real property.

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.

Nevada Complaint for Partition of Real Property

Description

Related forms

Viewed forms

How to fill out Complaint For Partition Of Real Property?

Form popularity

FAQ

What is the purpose of a partition suit?

What is the process of partition as it relates to the co ownership of real property?

What is the process of partition as it relates to the ownership of real property?

Why would a co-owner of a property file a partition suit?

What is the partition law in Nevada?

Which form of ownership does not allow the right of partition?

What is a partition of property?

What is a compelling reason for partition action?

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Nevada Complaint for Partition of Real Property

Description

Related forms

Viewed forms

How to fill out Complaint For Partition Of Real Property?

Form popularity

FAQ

What is the purpose of a partition suit?

What is the process of partition as it relates to the co ownership of real property?

What is the process of partition as it relates to the ownership of real property?

Why would a co-owner of a property file a partition suit?

What is the partition law in Nevada?

Which form of ownership does not allow the right of partition?

What is a partition of property?

What is a compelling reason for partition action?

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