ᐅ Partial Purchase or Sale of Land Owned by an Inherited Property Group?
Created on: 25 Sep 2021 19:20
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lesmue79This is probably an unusual question that doesn’t come up very often, but maybe someone has experienced something similar before.
A building plot consists of two parcels, each shared equally between two parties within a joint ownership community. The land registry does not specify who owns which half; it only states that each parcel is owned half by one party and half by the other.
Is it even possible for one of the parties to sell their respective share, even if it might be of little practical use?
Or can the property only be sold entirely, and only if both parties agree to the sale?
A building plot consists of two parcels, each shared equally between two parties within a joint ownership community. The land registry does not specify who owns which half; it only states that each parcel is owned half by one party and half by the other.
Is it even possible for one of the parties to sell their respective share, even if it might be of little practical use?
Or can the property only be sold entirely, and only if both parties agree to the sale?
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NatureSys25 Sep 2021 19:56As long as the community of heirs exists, all property belongs jointly to both parties. An individual cannot do almost anything without the consent of the other. If the heirs do not agree, a partition auction (division by forced sale) can be requested without the other’s consent, during which the entire property can be auctioned off even against the will of the other party.