If two different LLCs own a property and are both listed on the deed, can own owner accept an offer and sign the offer without the other?

In kentucky

Asked on September 24, 2017 under Real Estate Law, Kentucky

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

To legally transfer ownership of real property, all owners must agree and execute a deed. That having been said, a person or entity with a POA of one of the owners could sign in their place if the POA gives them that right. Also, although possibly not applicable in this case, if owners of jointly held property cannot agree as to ownership matters, through  a "partition" action a court could force a sale.


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