What is a "partition suit" in real estate?

By Forinfos - 31/03/2025 - 0 comments

A partition suit is a civil lawsuit filed in order to obtain a judicial ruling and court order to separate or liquidate real or personal property owned by more than one party. Lawyers.com explains that there are two different kinds of partition: partition in kind and partition by sale.

Partition in kind is the division of the property in which each owner walks away owning a portion of the original property. Partition by sale is when division is not possible or not agreeable to all parties and the assets must be sold. The monies received from the sale of the asset are divided amongst the parties.

Login to Comment

Comments

Be the first to write a comment for this article.

Related Articles

What is "resort casual attire"? What does "full sun to part shade" mean? What is a "part" in a recipe? What does "contingent" mean in real estate? Who painted "The First Real Target"? What does "ex parte" mean? What is the meaning of "antepartum"? What stores sell "Skylanders" party supplies? What does "studio para rentar" mean? Is "Robert" in "Robert's Rules of Order" a real person?

Trending Articles

How do you audition for a game show? How do you use TumbleBooks? How do you draw a cross? How do you watch Disney TV shows online for free? Did John Denver get divorced? How do you write a letter announcing a death? How long was Anne Frank in hiding? Are bow-making videos available online? How do you access the DISH TV channel guide? How do you upload a file to SoundCloud?