What is partition of property?

Partition of property in North Carolina is a legal process that splits up a jointly-owned property. It happens when two or more people or entities have a joint interest in real estate or personal property and they come to an agreement or are ordered by a court to divide it. The process of dividing property can be quite complex and it is best to have an experienced attorney to guide you through the process. Partition of property can be done voluntarily or by court order. In North Carolina, partition of property whether forced or voluntary is primarily governed by the state’s partition of property statute. It provides guidance on how to divide up the property and how to resolve any disputes that might arise. Partition of property can be done through the court, meaning that the parties have to file a lawsuit with the court and follow the procedures set out in the statute. If the parties are unable to resolve their differences, the court may eventually order a partition of the property. Courts may divide the property in whatever is deemed to be the most equitable way, such as through a sale of the property, dividing the property between the parties, or other equitable solutions. Partition of property is a complex legal process that can be difficult to navigate. It is important to have an experienced attorney to help protect your interests and ensure a fair outcome.

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