Main Office:
55 Patchen Rd, South Burlington, VT 05403
(802) 860-4767
Southern Office:
3533 Woodstock Road, White River Junction, VT 05001
(802) 698-8327
Email: office@peetlaw.com • Fax: (802) 860-2822
Business Hours: Monday-Friday 8am-5pm
Main Office:
55 Patchen Rd, South Burlington, VT 05403
(802) 860-4767
Southern Office:
3533 Woodstock Rd, White River Junction, VT 05001
(802) 698-8327
Email:
office@peetlaw.com • Fax:
(802) 860-2822 •
Business Hours:
Monday-Friday 8:00 am-5 pm
A partition action is a legal process used when co-owners of real estate in Vermont are unable to agree on the disposition of the property. This action can be a solution to disputes among heirs, divorce settlements, or any situation where joint owners have conflicting interests regarding the property they co-own.
Owning real estate with others comes with its set of challenges, especially when disagreements arise about what to do with the property. In Vermont, a partition action is a legal recourse for co-owners who find themselves in such a deadlock.
Circumstances Leading to a Partition Action
A partition action becomes a consideration under several circumstances, including:
Understanding How a Partition Action Works in Vermont
Under Vermont law, a partition action can be filed by any co-owner of a property. The process involves the court, which can order a physical division of the property if feasible or, more commonly, order the property to be sold and the proceeds divided among the owners. The court considers factors such as the best interests of the owners and the property's characteristics in making its decision.
The Cost of a Partition Action
The cost of a partition action in Vermont can vary widely based on the complexity of the case, attorney fees, court costs, and other expenses such as property appraisal. It's crucial for co-owners to consider these costs when deciding whether to pursue a partition action.
Alternatives to a Partition Action
Before proceeding with a partition action, co-owners may explore several alternatives:
Conclusion
A partition action is a significant step for co-owners of real estate in Vermont, often resulting from disagreements on how to manage or dispose of the property. Understanding the process, its costs, and potential alternatives can help co-owners make informed decisions about resolving their property disputes.
CONTACT INFORMATION
Main Office: (802) 860-4767
55 Patchen Rd, South Burlington, VT 05403
Southern Office: (802) 698-8327
3533 Woodstock Rd, White River Jct., VT 05001
Fax:
(802) 860-2822
Email:
office@peetlaw.com
Hours of Operation: