Partition at Real Estate Glossary

What is it? Co-tenants who wish to terminate their co-ownership may file an action in court to partition the property. Partition is a legal way to dissolve the relationship when the parties do not voluntarily agree to its termination. If the court determines that the

Real Estate Definition Added By: Leah

Send To Friends!

If you'd like to send the Partition definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Partition. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Lease Purchase is The purchase of real property, the consummation of which is preceded by a lease, usually long-term. Typically done for tax or financing purposes.

Real Estate Term Deferred Maintenance is Physical deterioration of a building resulting from postponed maintenance.

Real Estate Term Exchanger is The property owner seeking to defer capital gain tax by utilizing an IRS 1031 tax deferred exchange.

Real Estate Term Specifications is The written requirements for materials, equipment, construction systems and standards.

Real Estate Term Intrinsic Value is An appraisal term referring to the value created by a persons personal preferences for a particular type of property.