What are my options if the co-owner of my property refuses to sell when I want to put it on the market?

Legal Article

What are my options if the co-owner of my property refuses to sell when I want to put it on the market?

If you own property with another person and you want to sell the property but the co-owner refuses to sell, your options will depend on the specific circumstances of your case and the laws of the state in which the property is located. Here are a few potential options you may have:

  1. Negotiate with the co-owner: You may be able to reach an agreement with the co-owner to sell the property, either on your own or with the assistance of a mediator or other neutral third party.
  2. Sell your share of the property: If you own the property as tenants in common (meaning that you each own a separate share of the property), you may be able to sell your share of the property to a third party. However, the co-owner will still have an ownership interest in the property and will need to agree to the sale.
  3. File a partition action: If you own the property as tenants in common, you may be able to file a partition action in court to request that the court divide the property into separate shares or sell the property and divide the proceeds.
  4. Consult with an attorney: If you are unable to resolve the matter on your own, you may want to consider consulting with an attorney to discuss your options and to determine the best course of action in your specific situation.

It is important to keep in mind that each case is different, and the options available to you will depend on the specific circumstances of your case. It is recommended that you consult with a qualified attorney to discuss your options and to determine the best course of action in your specific situation.