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i have a very small business with a partner and want to sell my share either to my partner or another buyer, how do i value my half ?
Since you refer to the other person as your partner on the deed I will assume you don't hold the property as tenants by the entirety. You each own a one-half interest in the property. Your partner on the deed can convey their half to a third party or convey it to themself and another person. However, their conveyance of their one-half interest will not affect your one-half interest. If you and your partner own the property as joint tenants with the right of survivorship they cannot leave their interest to another person by a will. If they die while you own it together their interest will automatically pass to you. A person can transfer an interest in joint property by deed but not by will.
One or more depending on how the property was acquired by the owners. A person could convey a half interest to their partner. In that case there would be two deeds to the property. By another method a person could convey the property to self and a partner. In that case there would be one new deed for the property. A title examination will determine the current owner(s) of the property.
Yes, it's called marital possession
You need to contact an attorney (ASAP) who can review your situation and the title to the real property and explain your rights, obligations and responsibilities. You need to get this matter addressed as soon as possible. Your ex-partner's heirs are your new co-owners. They own your ex-partner's half share subject to his debts. They do not have legal title until the estate has been probated. You need to keep up any mortgage and tax payments or you may lose the property. You may need to make an offer to purchase the ex-partner's interest in the property. Perhaps you can offer to pay the debts in exchange for a deed of their interests. Your attorney can advise you and negotiate the best arrangement.You need to contact an attorney (ASAP) who can review your situation and the title to the real property and explain your rights, obligations and responsibilities. You need to get this matter addressed as soon as possible. Your ex-partner's heirs are your new co-owners. They own your ex-partner's half share subject to his debts. They do not have legal title until the estate has been probated. You need to keep up any mortgage and tax payments or you may lose the property. You may need to make an offer to purchase the ex-partner's interest in the property. Perhaps you can offer to pay the debts in exchange for a deed of their interests. Your attorney can advise you and negotiate the best arrangement.You need to contact an attorney (ASAP) who can review your situation and the title to the real property and explain your rights, obligations and responsibilities. You need to get this matter addressed as soon as possible. Your ex-partner's heirs are your new co-owners. They own your ex-partner's half share subject to his debts. They do not have legal title until the estate has been probated. You need to keep up any mortgage and tax payments or you may lose the property. You may need to make an offer to purchase the ex-partner's interest in the property. Perhaps you can offer to pay the debts in exchange for a deed of their interests. Your attorney can advise you and negotiate the best arrangement.You need to contact an attorney (ASAP) who can review your situation and the title to the real property and explain your rights, obligations and responsibilities. You need to get this matter addressed as soon as possible. Your ex-partner's heirs are your new co-owners. They own your ex-partner's half share subject to his debts. They do not have legal title until the estate has been probated. You need to keep up any mortgage and tax payments or you may lose the property. You may need to make an offer to purchase the ex-partner's interest in the property. Perhaps you can offer to pay the debts in exchange for a deed of their interests. Your attorney can advise you and negotiate the best arrangement.
Your question is too broad to answer. You need to search online for the divorce code or visit a law library in your area.
Unless you conveyed a portion of the house or were legally married, the former partner has no interest in your property.
If your husband's deceased former partner's name is still on the deed, it may complicate ownership of the property. It's important to review the legal status of the property, consult with a real estate attorney, and proceed according to the laws and guidelines in your jurisdiction to ensure proper ownership rights.
Yes. You can convey your interest in the property to your partner. However, you should seek the advice of an attorney to discuss your options and the consequences as to the tenancy that will be created by a transfer.
The house was bought during the marriage and is therefore communal property. He would be entitled to half the value of the house.
If the tenant in common who mortgaged her half interest defaults on the loan then the lender can only foreclose on that half interest. The lender would have to share the property with you. It could petition to partition the property, try to force a sale and share the proceeds with you. Their legal costs would come out of their half not yours. A foreclosure and partition would be very expensive for the lender. The important point here is that your half is free and clear of the mortgage unless you signed it.
Is your name on the title? Did you pay for any of it? Did the two of you agree to split expenses? In general if the answer to those are No, then you probably don't have any claim to the property. Simply living in a house does not confer any property rights. If the answer to one or more of the above questions is Yes, then you may have a claim to half the non-mortgaged value. Consult an attorney in your area to make a good determination.