Can the co-owners agree to a partition in kind instead of selling the property and splitting the proceeds? nc

Can the co-owners agree to a partition in kind instead of selling the property and splitting the proceeds? – North Carolina Short Answer Yes. In North Carolina, co-owners can agree to divide the land into separate parcels (an “actual partition,” often called a partition in kind) rather than sell it, and the court can order…

If the land can’t be divided evenly, what happens to the co-owners’ shares in a partition case? nc

If the land can’t be divided evenly, what happens to the co-owners’ shares in a partition case? – North Carolina Short Answer In North Carolina, if land cannot be divided into tracts that match each co-owner’s percentage interest as closely as possible, the court can still order an “actual partition” by using a cash equalization…

What happens if local zoning rules require special approval before a large property can be split into multiple lots? nc

What happens if local zoning rules require special approval before a large property can be split into multiple lots? – North Carolina Short Answer In North Carolina, a court can order a partition, but it generally cannot create (or require the recording of) new lots that violate local subdivision and zoning rules. If local ordinances…