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If you no longer want to own the property you can sell your interest to the other owner or to a third party if you can find someone who wants to take over your interest in the property.
If it is a large tract and you want to divide it you can arrange to have the tract surveyed and subdivided and an attorney can draft deeds to legally transfer the subdivided parcels to each respective owner. Each will become the sole owner of a smaller tract.
If you want to sell and the co-owner does not want to buy your interest then you must file a petition in court to have your land partitioned. (See related question link.)
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe inherited land is shared equally between the male & Female heirs to the property if the property is ancestral or the previous owner died intestate.
The question is to arrive at the undivided share of each flat purchased by individual buyers in an apartment complex built by a developer who is given the by a owner of the entire land?
Wiki User
∙ 14y agoAn undivided interest in real property means that if two people (Jack & Harry) own property each owns a one half undivided share in the whole property. That means that each owner is entitled to the use and possession of the whole property. A one half undivided interest means that if the property was sold or partitioned, that owner would receive one half of the net proceeds. The only way the property could be "divided" would be if the two owners agree to physically divide the property IF the property is large enough to be divided. For example, if there is a one acre tract, Jack & Harry could agree on an equal division of the property into two half-acre lots and have new deed descriptions for those lots drafted by an attorney who specializes in real estate. They could have a survey made that shows each lot. Each owner would release their interest in the other's lot. There are different methods that could be used but the best would to divide the property into Lots A and B and have Jack & Harry convey Lot A to Harry, and have Jack & Harry convey Lot B to Jack.
Wiki User
∙ 14y agoYou can divest yourself of an interest in real estate by giving a quitclaim deed of your interest to the co-owners or to a third party.
Wiki User
∙ 14y agoIn order for the lease to be valid and enforceable all the fee owners as well as the lessee must sign the lease.
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If parents sold an undivided interest in property to a son for a fair market value and the parents decide to sell can the son be forced to sell?
If you have an undivided interest in property you cannot be forced to sell by the co-owners. Only a court can force a sale. Your parents would need to petition the court to partition the property. The court would divide the property if possible. If not possible then the property would be sold and the proceeds, after legal costs, would be divided amongst the co-tenants. A partition proceeding can be costly. However, your parents could sell their interest in the property to a third party who would then become your co-tenant in common.
How does undivided interest apply to joint ownership of real estate?
Undivided interest means that each owner has the right to the use and possession of the entire property and one owner cannot divide the property so as to own their half, for example, as a separate portion.
How do you divide the word undivided into syllables?
Un-di-vi-ded.
What is 28 divided by 0?
Undefined: You cannot divide by zero
What is the suffix for divide?
You could add the prefix un- and the suffix -ed to make the word "undivided."
What should you do if your ex wants to use undivided money for child support?
Get a court order to divide it
Does your spouse have any right to anything bought during your marriage while she was still married to her previous husband?
In the United States, your "spouse" was not legally married to you if she was still legally married to her previous husband. In order to be legally married to you she must have obtained a divorce, waited the statutory nisi period if any, and then married you legally. If she married you knowing that she was already married then she violated the law.In a community property state, that property would not be community property. You may need to seek a court order if you cannot divide the property by a mutual agreement. You should consult with an attorney who can review your situation and explain your rights and options.In the United States, your "spouse" was not legally married to you if she was still legally married to her previous husband. In order to be legally married to you she must have obtained a divorce, waited the statutory nisi period if any, and then married you legally. If she married you knowing that she was already married then she violated the law.In a community property state, that property would not be community property. You may need to seek a court order if you cannot divide the property by a mutual agreement. You should consult with an attorney who can review your situation and explain your rights and options.In the United States, your "spouse" was not legally married to you if she was still legally married to her previous husband. In order to be legally married to you she must have obtained a divorce, waited the statutory nisi period if any, and then married you legally. If she married you knowing that she was already married then she violated the law.In a community property state, that property would not be community property. You may need to seek a court order if you cannot divide the property by a mutual agreement. You should consult with an attorney who can review your situation and explain your rights and options.In the United States, your "spouse" was not legally married to you if she was still legally married to her previous husband. In order to be legally married to you she must have obtained a divorce, waited the statutory nisi period if any, and then married you legally. If she married you knowing that she was already married then she violated the law.In a community property state, that property would not be community property. You may need to seek a court order if you cannot divide the property by a mutual agreement. You should consult with an attorney who can review your situation and explain your rights and options.
What is the meaning of Apportion?
To divide and assign in just proportion; to divide and distribute proportionally; to portion out; to allot; as, to apportion undivided rights; to apportion time among various employments.
In a property partition if the land can't be physically divided?
If a Partition decree is issued and the property cannot be divided the court appointed commissioner will sell the property and will divide the net proceeds according to each person's interest after all legal fees and costs have been deducted.
How do we divide father's property with sisters?
You might divide father's property with sisters by selling the property and dividing the money equally between the siblings. You could also ask each sister what they would like to have from the father's property.
What is the property when you divide a whole number?
nobody knows the answer
How do you divide using the distributive property?
u cant
