If the other co-owner collected rent or let people live there rent-free, can that affect how the partition proceeds are distributed? nc

If the other co-owner collected rent or let people live there rent-free, can that affect how the partition proceeds are distributed? – North Carolina Short Answer Yes. In North Carolina, co-owners generally share proportionally in rents and profits actually received from third parties, and a co-owner who received more than their share can be required…

Can a co-owner transfer inherited property to themselves with a deed if another co-owner or the estate trustee did not agree? nc

Can a co-owner transfer inherited property to themselves with a deed if another co-owner or the estate trustee did not agree? – North Carolina Short Answer Usually not. In North Carolina, a co-owner can generally deed only the share they actually own, and they cannot use a deed to take another co-owner’s share without that…

If one co-owner has used the property more than the others, can that affect the final split of proceeds or the buyout terms? nc

If one co-owner has used the property more than the others, can that affect the final split of proceeds or the buyout terms? – North Carolina Short Answer Yes. In North Carolina, unequal use can matter if it ties to money issues the court can adjust for—such as one co-owner collecting rents/profits, paying (or not…

Can I file one partition case that addresses two separate tracts owned by the same group of heirs, or do they have to be handled separately? – NC

Can I file one partition case that addresses two separate tracts owned by the same group of heirs, or do they have to be handled separately? – North Carolina Short Answer In North Carolina, it is often possible to address more than one tract in a single partition special proceeding when the same co-owners hold…