Who gets the House? How to divide Real Property Between Co-Owners in Partition Actions
By: Bryan L. Eastin, Esq.
Joint ownership of real estate provides many benefits, including increased buying opportunity, shared expenses, avoidance of probate, and shared risk/liability. Co-ownership also provides opportunities for disagreement. For example, co-owners might not agree on when to sell or how the proceeds should be apportioned. When an impasse like this arises, the law allows the owners to “partition” the property through the legal process.