Texas General Form of Agreement to Partition Real Property

State:
Multi-State
Control #:
US-1189BG
Format:
Word; 
Rich Text
Instant download

Description

Partition is the division between two or more persons of real or personal property held by them in common ownership. The division can take place between joint tenants or tenants in common.
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  • Preview General Form of Agreement to Partition Real Property
  • Preview General Form of Agreement to Partition Real Property

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FAQ

In Texas, disputes involving jointly owned property are frequently settled through a legal process known as ?partition.? When co-owners of a home cannot agree on matters relating to the home, the court can force the sale of the real property and distribute the proceeds of the sale to the co-owners per their ownership ...

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.

More Information. With a standard marital partition agreement from mcnamaralawyers.com, for only $399 you can have a binding Texas postnup from an experienced attorney that will separate each spouse's assets and debts.

A marital property partition is an agreement between spouses that allows them to convert community property into the separate property of one spouse. This agreement must take place after the couple is married.

This can often be done without going back to court if both parties agree on how to divide the property. If you and your former spouse cannot agree on what to do with undivided community property, either of you may file a ?Suit for Post-Dissolution Partition? under Texas Family Code 9.201.

The partition deed is the legal document that allows a property to be divided among co-owners, ending joint ownership of the property. A partition deed clearly indicates which portion of the property belongs to which person.

Every co-owner of an interest in the property (no matter how small) must agree in order for a voluntary partition to occur. The remedy when agreement cannot be reached is for one or more of the co-owners to seek a court-ordered division by means of a partition suit.

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Texas General Form of Agreement to Partition Real Property