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.
Rhode Island 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 currently in a position where you require documents for either business or personal purposes nearly every day.
There are numerous legal document templates available online, but finding reliable ones is not straightforward.
US Legal Forms offers thousands of template documents, such as the Rhode Island Agreement regarding Tenancy-in-Common Ownership of Premises with neither Owner permitted to Sell or Lease Premises without the Other's Approval, which are specifically designed to fulfill state and federal regulations.
Select the pricing plan you prefer, fill in the required details 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 obtain another copy of the Rhode Island Agreement regarding Tenancy-in-Common Ownership of Premises with neither Owner permitted to Sell or Lease Premises without the Other's Approval anytime if needed. Click on the desired template to download or print the document.
Utilize US Legal Forms, the largest collection of legal forms, to save time and avoid errors. This service provides well-crafted legal document templates that can be utilized for various purposes. Create an account on US Legal Forms and start simplifying your life.
- If you are already acquainted with the US Legal Forms site and have an account, simply Log In.
- After that, you can download the Rhode Island Agreement regarding Tenancy-in-Common Ownership of Premises with neither Owner permitted to Sell or Lease Premises without the Other's Approval template.
- If you do not have an account and wish to start using US Legal Forms, follow these steps.
- Find the document you require and ensure it is for the correct city/state.
- Use the Preview button to review the document.
- Read the description to verify you have chosen the appropriate document.
- If the document is not what you need, use the Search feature to find the document that matches your needs and requirements.
- When you locate the correct document, click Buy now.
Form popularity
FAQ
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.
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.
Yes one co-owner can sell his share to third party without consent from other co-owner. The shareholder cannot sell his share with demarcation.
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
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.
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".
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.
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.
