How to Resolve Joint Ownership Disputes
By: Christopher J. Charles, Esq.
What happens when joint property owners disagree on whether to sell their property? This could involve friends, business partners, or unmarried couples. Hopefully the joint owners have a written agreement such as a partnership agreement, operating agreement for their limited liability company, or a tenants in common (TIC) agreement. But what if the joint owners neglected to negotiate a written agreement before they acquired the property together? If one party wants to sell and the other doesn’t, an awkward impasse arises.