Can a co-owner force the sale of a property?

HomeCan a co-owner force the sale of a property?
Can a co-owner force the sale of a property?

The law allows any co-owner to facture the joint ownership via a partition action. Yes! In most cases, ANY co-owner (even a minority owner) can force a sale of the property regardless of whether the other owners want to sell or not.

Q. How do you sell half of your house if you have a co owner?

If you and the co-owner hold the property as tenants in common, then you simply sell your half of the house. If it’s deeded as “tenants in common,” you can do that. On the other hand, if you and the other owner hold the property as joint tenants, you each own a non-divisible interest in the property.

Q. Can a joint owner of a house own half of the property?

On the other hand, if you and the other owner hold the property as joint tenants, you each own a non-divisible interest in the property. You and your co-owner could move the house into an LLC, with each of you owning half of the LLC.

Q. Can a property with multiple owners be sold?

The rules of joint tenancy state that all property owners must agree to sell the property. If one disagrees and no contract was drafted prior to ownership that lays other rules, then the home can’t be sold. One party in the joint tenancy can file a partition lawsuit to force the sale through.

Q. How do I sell my share of a jointly owned property?

If your boyfriend can’t or won’t buy out your share of the property, and doesn’t want you to sell, it gets a bit more complicated. While the laws vary by state, you can often force the sale of a property. This requires a court application, and then the court will appoint a trustee to oversee the sale of the property.

Q. Can you sell a house with multiple owners?

Under joint tenancy, however, an owner can still sell their interest in a property to someone else before they die. If you buy property with your siblings… You may choose in this case to own the house as tenants in common.

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