Partition by sale definition
Examples of Partition by sale in a sentence
Some examples are:• Land consolidation options for landowners,• Partition by sale of Indian lands,• Continuation and expansion of the federal "buy back" program, and• Greater flexibility for landowners to consolidate and acquire interests during the probate process.
European Conventionfor Engineering Deans 2015The 7th edition of the ECED was held in Valencia (ES) on 26-27 March 2015.
In Kind: physically divide the land among tenantsBy Sale: sell the land and divide the proceeds among the tenantsIn Kind (MAJORITY) Traditional- Partition in kind is favored b/c it is the fairest methodRationale: Partition by sale could force someone to leave their property, limiting, or destroying one’s right to possession and alienate “sticks”.POLICY: Partition in kind is favored over by sale.
Partition by sale ROFR or buy-out right granted to tenants in common if a co- tenant seeks.