Pursuing Effective Solutions In Partitions Of Real Estate
When you co-own a property with others, the need for a partition of real estate may arise. Our attorneys at Nyhus Law Firm are ready to guide you through the partition process. Serving clients in Bismarck, Harvey and throughout North Dakota, our team provides experienced real estate law services with personal attention.
What Are Partitions?
A partition of real estate involves dividing a property among co-owners. This property division can be voluntarily by agreement or compelled through a court partition action.
The Importance Of Understanding Partitions
If you co-own real estate, understanding partitions is vital. Partition issues could arise in a range of situations, including:
- When you or one of your co-owners want to sell
- When you want to end the co-ownership without a forced sale
- When there are co-ownership disputes
In any of these circumstances, knowing your options can help you protect your property rights and interests. Our lawyers can provide you with straightforward answers and guidance.
Partition In Kind Vs. Partition By Sale
There are two main types of partitions of real estate:
- Partition in kind: This physically divides the property between co-owners. This can be useful when you want to maintain land ownership over part of the property for business or personal reasons.
- Partition by sale: This involves selling the property and dividing the proceeds. This option is common when co-owners are ready to move on from a property or a fair physical division would be difficult.
We can help you decide which partition route matches your goals.
What Partition Actions Involve
The steps of pursuing a partition lawsuit include:
- Filing a petition
- Providing key documents, such as proof of ownership and the deed
- Preparing your case for court
- Exploring alternative resolution methods
- Having the court hear your case
- Receiving a final decree reflecting the court’s decision
We will stand up for your rights at every phase of the process.
Contact Us For Trusted Support
Whether your case involves a voluntary or court-ordered partition, protect your interests with skilled legal guidance. Reach out to our team by email or by phone at (701) 751-2262. We will help you seek the effective solutions you need.