The Landlord Protection Agency  
Main Menu, Landlord Protection Agency homepage Membership With The Landlord Protection Agency Free Landlord Services Member Services  

Brother ownership - Landlord Forum thread 360250








Free Landlord Newsletter





Free
Pre-screening
Prospect Card





FREE BONUS Forms Disk for
2 -5 year LPA Members




Excuses!

Brother ownership by whiteyG on February 8, 2020 @09:21

                              
My brother and myself own a duplex with both of us on deed ,he would like to sell but I do not,can he legally sell his half it a duplex
[ Reply ] [ Return to forum ]

Re: Brother ownership by Garry on February 8, 2020 @10:04 [ Reply ]
Neither of you can sell the physical structure without both of you agreeing to it, in writing. That's because there is only 1 legal description of the entire property, and you both own it. However, your brother can sell his "INTEREST" in the property to anyone he can find to buy him out. It would all be on paper, and he would need a lawyer to do it. You would still own half of the building, and a different person would own the other half----on paper.

If he wants to try to sell his half interest, let him. If he finds out he wants too much for his half, or there are just no buyers out there for what he proposes, maybe you would want to step in, and if he really wants out, you can offer him half of what he wants for a sales price, and see where it goes from there.

Partnerships are fine------to a point! Only about half of them ever work out. Once disagreements start to happen, it's
time to sell.

Check-Out
Log in

Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Realty Brokers
Landlord Articles
Tips & Advice
Tenant Histories

Other Areas
Q&A Forum
Free Forms
Essential Forms
Landlord Tenant Law
Join Now
Credit Reports
About Us
Site Help



Contact The LPA

© 2000-2020 The Landlord Protection Agency, Inc.

If you enjoy The LPA, Please
like us on Facebook The LPA on Facebook
Follow us on Twitter The LPA on Twitter
+1 us on Google