Nashville Partition Actions Attorneys
When a business or personal relationship sours between parties who own property together, separating from each other can be problematic when connected through real estate. Often, the best option is for one of the parties to negotiate a buyout of the other or for both party members to agree on selling the property and splitting the proceeds. Unfortunately, if one party refuses to sell or agree to a buyout, a stalemate that serves no one’s best interests can develop. In these cases, a partition action can force a sale.
A partition action refers to the legal process of dividing a property or an asset among its co-owners. Rather than abandon their stake in the property or asset, a co-owner can initiate a partition action to receive a court order to force the sale of property rather than allow it to remain divided.