justtoknow
Junior Member
What is the name of your state?What is the name of your state? Deeded in Florida
I have a 1/3 interest in land (per warranty deed). The 2/3 owner wants to develop the property. In order to do this the land must be divided into separate residential lots to build the proposed dwellings. I am not sure I am ready to go forward with the plan. Can the 2/3 owner proceed without my consent (due to his majority holding)? Could I require that the property be subdivided into separate tracts based on share of ownership and deeded solely to the owner of that share? Thus, he can develop his land as he sees fit. He also is suggesting the property be put into an LLC. It is currently held in his name (for tax records) with warranty deed establishing respective share of ownership.
I have a 1/3 interest in land (per warranty deed). The 2/3 owner wants to develop the property. In order to do this the land must be divided into separate residential lots to build the proposed dwellings. I am not sure I am ready to go forward with the plan. Can the 2/3 owner proceed without my consent (due to his majority holding)? Could I require that the property be subdivided into separate tracts based on share of ownership and deeded solely to the owner of that share? Thus, he can develop his land as he sees fit. He also is suggesting the property be put into an LLC. It is currently held in his name (for tax records) with warranty deed establishing respective share of ownership.
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