{"id":5598,"date":"2016-10-20T22:19:26","date_gmt":"2016-10-20T22:19:26","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5598"},"modified":"2016-10-20T22:19:26","modified_gmt":"2016-10-20T22:19:26","slug":"six-steps-partitioning-property-idaho","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/six-steps-partitioning-property-idaho\/","title":{"rendered":"Six Steps in Partitioning a Property in Idaho"},"content":{"rendered":"

By Joseph Ballstaedt<\/a><\/p>\n

Joint owners of real estate can run into serious challenges if they have different goals for the property. For example, suppose a son and daughter inherit their parents\u2019 home, and one wants to live in it while the other wants to sell it. Or suppose two friends invest in a rental property together, but sometime down the road one of them decides being a landlord just isn\u2019t for him and wants to sell the property against the other\u2019s wishes. Or maybe two brothers have owned the family farm for decades, but now one wants to scrap farming and begin developing residential subdivisions. In such circumstances, a partition of the jointly owned property may be necessary.<\/p>\n

A partition is a legal term used to describe the act of dividing up a single piece of real estate between the various owners. When parties seek a partition, the judge\u2019s goal is to divide the property based on the parties\u2019 proportionate interests, which the court cannot properly do at times based on the circumstances. For example, it may be easy to divide up undeveloped land, but a judge probably cannot equitably divide between multiple owners a single residence that sits on a property. If a partition isn\u2019t proper, the court can have the property sold and then divide the proceeds between the parties. This route is generally much easier than dividing portions of real estate.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Joseph Ballstaedt Joint owners of real estate can run into serious challenges if they have different goals for the property. For example, suppose a son and daughter inherit their parents\u2019 home, and one wants to live in it while the other wants to sell it. Or suppose two friends invest in a rental property […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-5598","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\nSix Steps in Partitioning a Property in Idaho|Racine Olson<\/title>\n<meta name=\"description\" content=\"Joint owners of real estate can run into serious challenges if they have different goals for the property. Have questions? 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