Related Definitions
What is a Partition by Sale?
A court-ordered division of inherited property where the beneficiaries are forced to sell the home, and all beneficiaries receive a percentage of the proceeds based on their share.
A legal process used to divide jointly owned property among co-owners by selling the property and distributing the proceeds. This method is typically employed when physical division of the property is impractical or would significantly reduce its value. Partition by sale often occurs in disputes among co-owners, such as siblings inheriting a family property, and is governed by state laws regarding property division and sales.
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