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Forced sale
A forced sale is an action taken in a civil court forcing the owners of a piece of real property to sell their property and to divide the profits. A forced sale is generally the result of a petition to partition action. == Why forced sales occur ==
Forced sales generally occur because tenants are unable to agree upon certain aspects of the ownership. The owners may disagree on how to use the property, on the amount of money to invest into the property, or on their right to occupy and use the whole of the property. If the parties cannot come to an agreement, the case moves to court through a petition to partition action.〔(Tenancy in Common Questions and Answers - Andy Sirkin, Attorney )〕 As the number of co-habitants increases in the United States, the petition to partition action has become more common as a remedy to divide real and personal property.〔()〕 Property may be owned by more than one person either as joint tenants, tenants in common, and in some states tenants by the entirety.〔(Property ownership - what are the common forms? )〕 The choice of which tenancy to enter into is made by the parties at the time of purchase. With each type of tenancy, each owner has the right to occupy the whole. That means that an owner is not allowed to designate certain rooms as their own and so on. Each element of the property is enjoyed fully by all parties.
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Forced sale」の詳細全文を読む
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