How do I force a second party to sell property

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How do I force a second party to sell property

How do I force a second party to sell
property

Asked on January 17, 2018 under Real Estate Law, Florida

Answers:

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

Answered 3 years ago | Contributor

The law rovides the remdey of "partition" when co-owners of property cannot agree as to ownership matters, In a partiton action, a court can order that the property can be divided if practical or, if not practical (as in the case of a single family house), then it will be ordered that the property be sold. This is known as a "sale in lieu of partiton". At that point, the sale proceeds will be equitably distributed. However, first any owner who wants to keep the property will have the right to buy out the other owner(s) for fair market value. At this point, you should consult directly with a local real estate attorney who can best advise you further.


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