What is the name of your state? Florida
I currently am a 50/50 co-owner of a rental property with my sister. I live in FL, my sister lives in NY. I have been expressing my desire (and need) to sell the property for about two years. She currently refuses to sell. Even in today's current market we both would make a sizable profit (there are no liens on the property.) What legal recourses are available to me (she states that she is unable to buy my half out at fair market value.) If I resort to refusing to extend the lease for the current tentants and any subsequent tenents, what must I do the cover all my bases and ensure the she does not attempt to lease it on her own? Any information would be helpful.
I currently am a 50/50 co-owner of a rental property with my sister. I live in FL, my sister lives in NY. I have been expressing my desire (and need) to sell the property for about two years. She currently refuses to sell. Even in today's current market we both would make a sizable profit (there are no liens on the property.) What legal recourses are available to me (she states that she is unable to buy my half out at fair market value.) If I resort to refusing to extend the lease for the current tentants and any subsequent tenents, what must I do the cover all my bases and ensure the she does not attempt to lease it on her own? Any information would be helpful.