Partition in kind definition

Partition in kind means the division of heirs property into physically distinct and separately titled parcels.
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Partition in kind means the division of heirs
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Partition in kind means the division of heirs property into
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Examples of Partition in kind in a sentence

  • 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 in kind is the preferred method of partitioning property in Mississippi.

  • Partition in kind shall take place after experts have been consulted as to the method of partition.Article 620.


More Definitions of Partition in kind

Partition in kind means the division of heirs property into physically distinct and
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Partition in kind means a court-ordered division of property subject to partition into physically distinct and separately titled parcels.
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Partition in kind means the division of heir property into physically distinct
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Partition in kind means a court-ordered division of property subject to partition into physically distinct and separately titled parcels.” Iowa Code § 651.1(8). “‘Partition by sale’ means a court-ordered sale of property subject to partition.” Id.
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Partition in kind means the division of heir
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Partition in kind means the division of heir property into
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Related to Partition in kind

  • Common Area means all real property owned by the Association for the common use and enjoyment of the Owners.

  • Carpet Area means the net usable floor, area of an Flat/Apartment, excluding the area covered by the external walls, areas under services shafts, excluding balcony or verandah area and exclusive open terrace, but includes the area covered by the internal partition walls of the flat/apartment;

  • Total Unencumbered Assets means the sum of (i) those Undepreciated Real Estate Assets not subject to an Encumbrance for borrowed money and (ii) all other assets of the Company and its Subsidiaries not subject to an Encumbrance for borrowed money determined in accordance with GAAP (but excluding accounts receivable and intangibles).