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Property under joint ownership

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brooklyn07

Junior Member
What is the name of your state (only U.S. law)? My state is Texas.

My question is a simple one, hopefully. About ten years ago, I inherited a one half interest in a property, with the other half interest owned by a relative. If I decided that I simply do not want to have any more joint ownership in that property, and want out, what would be my options in getting out of this ownership? I do not want to continue in a joint ownership with this relative, whom I am not close to at all, and do not want to go on with all the trouble of managing this rental property.
If I want to sell/liquidate my share in the property, and the other joint owner does not want to sell, what legal options do I have? :confused:
 


HomeGuru

Senior Member
What is the name of your state (only U.S. law)? My state is Texas.

My question is a simple one, hopefully. About ten years ago, I inherited a one half interest in a property, with the other half interest owned by a relative. If I decided that I simply do not want to have any more joint ownership in that property, and want out, what would be my options in getting out of this ownership? I do not want to continue in a joint ownership with this relative, whom I am not close to at all, and do not want to go on with all the trouble of managing this rental property.
If I want to sell/liquidate my share in the property, and the other joint owner does not want to sell, what legal options do I have? :confused:
**A: search partition lawsuit.
 

divgradcurl

Senior Member
Or, you can try and sell your interest in the house to someone who doesn't mind co-owning the house with your relative.
 

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