We Solve Complex Multi-Owner Property Disputes
Partition is a legal remedy that addresses disputes between co-owners of real estate concerning what to do with that real estate. The dispute usually involves one co-owner who wants to sell and the other doesn’t. The situation is exacerbated when the co-owner who doesn’t want to sell can’t afford to buy out the other co-owner, or when one co-owner has been paying expenses and the other hasn’t.
In a lawsuit for partition, a judge can order that the property be sold, and the proceeds divided between the joint owners. The actual sale will be handled by a real estate agent who markets the property to obtain the highest price. Prior to the sale proceeds being paid to the co-owners, there can be offsets or credits to account for money paid by one party for things like taxes, repairs, rent received, etc. The process is supervised by the court to make sure it is fair and proper.
In many cases, the lawsuit itself can cause the other co-owner to reevaluate their position and can foster a negotiated buyout or sale of the property. Having competent legal representation is vitally important to guide you through the negotiation process to ensure that all the details are taken into account. LS Carlson Law PC has successfully represented parties in partition actions, both in court and out of court, and has the skill to guide you through the process and achieve the results you are entitled to.
Meet Our Property Dispute Team
We are dedicated to solving complex legal problems effectively, efficiently, and with outstanding client service. Our top-rated, diligent legal team designs creative, customized solutions for all business and real estate disputes.
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Tell Us About Your Property Dispute
When you hire LS Carlson Law, you can be assured you’ll be getting an aggressive firm fully dedicated to achieving your legal objectives. Don’t take our word for it, we encourage you to take a look at the numerous five-star client reviews. If you are ready to end the nightmare with your co-owner, call us now or fill out the form to set an appointment.