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.
Utah 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?
US Legal Forms - one of the largest collections of legal documents in the United States - offers a variety of legal form templates that you can download or print.
By using the website, you can find thousands of forms for business and personal purposes, organized by categories, states, or keywords.
You can access the latest versions of forms such as the Utah Agreement regarding Tenancy-in-Common Ownership of Premises with neither Owner permitted to Sell or Rent Premises without the Consent of the Other within moments.
Click the Review option to examine the form’s details. Read the form description to confirm that you have chosen the appropriate form.
If the form doesn’t meet your needs, use the Search box at the top of the page to find the one that does.
- If you already have a subscription, Log In to download the Utah Agreement regarding Tenancy-in-Common Ownership of Premises with neither Owner allowed to Sell or Rent Premises without the Other's Consent from the US Legal Forms library.
- The Download option will appear on every form you view.
- You can access all previously acquired forms in the My documents section of your profile.
- If you are using US Legal Forms for the first time, here are a few straightforward steps to get you started.
- Ensure you have selected the correct form for your city/state.
Form popularity
FAQ
When two or more people own a home, either as a joint tenancy or tenancy in common, each person owns a share of the entire property. This means that specific areas of the house are not owned by one individual, but instead, are shared as a whole.
Joint tenants means that both owners own the whole of the property and have equal rights to the property. If one owner dies the property will pass to the remaining owner. You cannot give the property to anyone else in your will.
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.
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.
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.
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.
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
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".