Glossary

Partition action

A lawsuit in which a co-owner asks a court to divide jointly owned real estate or order it sold and the proceeds split.

Definition

A partition action is a lawsuit in which one co-owner asks a court to divide jointly owned real estate or, more often for a single house, to order it sold and split the proceeds. Any co-owner can usually file, even one with a small share.

Partition comes up most often with inherited property, when several heirs own a house together and cannot agree to keep, rent or sell it. It also shows up between business partners and relatives who bought together. The court may order a physical division, a buyout or a sale, and the costs of the case often come out of the proceeds. A number of states have adopted the Uniform Partition of Heirs Property Act, which applies to heirs property and adds notice, a court-ordered appraisal, a buyout right for the other co-owners and, if a sale is still needed, a court-supervised open-market sale instead of an auction. Rules vary by state; confirm with a local real estate attorney.

Source: uniformlaws.org

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