In other words, a partition action is the court-ordered act of breaking the stalemate between co-owners who want to sell their equity in a home and those who don’t want to sell at all. When two or more co-owners have conflicting opinions on how to manage real property it is hard to come up with a resolution.. Also known as partition by “licitation” or “succession,” a partition by sale means forcing a sale of the entire property. The proceeds are then divided among the owners. This type of partition is used when actual partition is difficult to achieve without seriously damaging one party’s interests. If, for example, the property is a small lot with.
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This is a powerful, automated document that can help you motivate a voluntary solution or set you up to file a partition action (if necessary). If your co-owners have not yet agreed to a buyout or a sale, then we recommend you start by checking out the Letter to Co-Owners. This is a powerful,. Download the file in the preferred file format. Now you can print out the Louisiana Act of Partition form or fill it out making use of any web-based editor. No need to concern yourself with making typos because your sample can be employed and sent, and printed as many times as you want. Try out US Legal Forms and get access to more than 85,000.
