How to Coordinate Realtor Selection with a Co-Owner for a Joint Property Sale in Ohio
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Detailed Answer Understand Your Co-Ownership Structure In Ohio, co-owners hold an undivided interest in property. Each owner must consent to decisions affecting the whole, including realtor selection. Communicate Early and Define Shared Goals Begin discussions before listing. Agree on key factors […]
Read article →How to calculate and recover carrying costs from a co-owner in a joint sale agreement in Ohio
Disclaimer: This article provides general information on Ohio law and does not constitute legal advice. Always consult a qualified attorney for advice on your specific situation. Detailed Answer 1. Understanding Carrying Costs Carrying costs cover expenses you incur to maintain a property while it awaits sale. Common items include: Mortgage interest Property taxes Homeowners insurance […]
Read article →What Options Exist for Selling or Transferring Real Property When an Heir is a Minor in Ohio?
Disclaimer: This article is for educational purposes and is not legal advice. Detailed Answer When a minor child inherits real property in Ohio, the minor cannot legally consent to its sale or transfer. Ohio law provides several pathways to manage this process and protect the minor’s interest. 1. Guardianship and Court-Approved Sale The probate court […]
Read article →What steps are required to initiate or consent to a partition action in Ohio?
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Detailed Answer A partition action allows co-owners of real property in Ohio to divide or sell the property when they cannot agree on its use or disposition. Under Ohio law (see R.C. 5307.01 et seq.), you can initiate a partition or […]
Read article →What Options Exist if Co-Owners Cannot Agree on a Buyout Price in Ohio?
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Detailed Answer When co-owners of real property in Ohio cannot agree on a buyout price, they have several paths to resolve the dispute. These include negotiation, mediation, appraisal and, if necessary, a court-ordered partition action. 1. Negotiation and Mediation Begin by […]
Read article →Do I Get Any Ownership Interest in the Real Property if I Am Paying the Mortgage in Ohio?
Disclaimer: This article provides general information about Ohio law and does not constitute legal advice. Consult a qualified attorney to address your specific situation. Detailed Answer Under Ohio law, simply making mortgage payments on a property does not automatically give you a legal ownership interest. Legal title to real estate rests with the person(s) named […]
Read article →How to Force a Property Sale Through a Partition Hearing in Ohio
Disclaimer: This article is for educational purposes and does not constitute legal advice. Detailed Answer Under Ohio law, any co-owner of real property—known as a cotenant—can force legal partition by filing a partition action in the Court of Common Pleas pursuant to Ohio Revised Code Chapter 5307. The court first evaluates whether the land can […]
Read article →How does a partition action work to resolve a dispute among multiple owners in Ohio?
Disclaimer: This article is for general information and does not constitute legal advice. Detailed Answer A partition action in Ohio lets co-owners of real property ask a court to divide or sell that property when they cannot agree on its use or ownership shares. Under Ohio law, this procedure is governed by the Ohio Revised […]
Read article →How Do Existing Mortgage Obligations Affect the Sale and Distribution of Partition Proceeds in Ohio?
Disclaimer: This article provides general information and does not constitute legal advice. Consult an attorney for advice about your situation. Detailed Answer When co-owners of real estate seek partition under Ohio law, Ohio Rev. Code § 5307.21 directs how the court handles existing mortgage obligations at sale and distribution. A partition action divides or sells […]
Read article →What legal options exist if co-owners cannot agree on sale logistics or cost sharing in Ohio?
Disclaimer: This article is for educational purposes and is not legal advice. Detailed Answer When co-owners in Ohio cannot agree on sale logistics or cost sharing, you can ask the court to resolve the dispute through a partition action under Ohio Revised Code Chapter 5307. To start, any co-owner may file a petition in the […]
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