Grace Woodard
Junior Member
What is the name of your state? New York State
When a buyout settlement cannot be reached between a majority and minority owner, other than going to court for a land division, is there an option to appear before a judge or another body, to settle the buyout, when actual land division is not desired by either party? Is imposing a price and reconciling environmental covenants something a judge or court would entertain? When neither party wants a physical division or auction, or carving up the parcel, what is the scope of the court/judge in resolving the situation. Does this have to be an involuntary process brought by one party against the other? Arbitration the way to go?
When a buyout settlement cannot be reached between a majority and minority owner, other than going to court for a land division, is there an option to appear before a judge or another body, to settle the buyout, when actual land division is not desired by either party? Is imposing a price and reconciling environmental covenants something a judge or court would entertain? When neither party wants a physical division or auction, or carving up the parcel, what is the scope of the court/judge in resolving the situation. Does this have to be an involuntary process brought by one party against the other? Arbitration the way to go?
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