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Can a Jointly Owned Property Be Sold by One Owner?
There are many reasons that people own real estate together. The most common way is for married couples to co-own their family home as well as other real estate. It is even common for nonmarried couples to purchase property together. Another way that people end up owning property together is through inheritance. Whether a testator left property to their children or if through intestate succession siblings or other relatives inherit a house or other real property, the result is that two or more people end up co-owning property. As a result, they end up having to make decisions together as to how to manage the property and how to dispose of it. Problems can develop if the co-owners do not agree on what to do with the property. For example if two people co-own a house, one owner may want to keep it and live in it, while the other co-owner may want to sell it. Disputes over property can become contentious and the co-owning relationship may become untenable. Under Florida law, there are options that allow a jointly owned property to be sold by one owner. To discuss these options, contact an experienced Palm Beach County partition lawyer at Stephen Bilkis & Associates.
Contact Stephen Bilkis & Associates
Because typically real estate is a valuable asset, it is not unusual for co-owners to argue over what to do with it. There are options to consider that will allow you to sell your interest in the property or sever the co-owner relationship. To discuss partition and other options related to your co-owned property in the greater Palm Beach area, contact an experienced partition attorney in Palm Beach County at the Stephen Bilkis & Associates, PLLC. are uniquely qualified to handle your legal needs. Contact us at 561-710-4000 for a free no obligation consultation. We serve clients in Palm Beach County, Dale County, Fort Lauderdale, and Miami.