Hi. I own a piece of property (not the land) in Quakertown PA. My partner and myself are co-owners. We actually own the house on the land. It's considered a vacation home; we're allowed to go there 6 months out of the year. We were given a deed to lease the land where we pay an annual fee.I am no longer with my partner and asked to either sell cabin or she should buy me out. We bought the cabin at $23,000 and put at least $12,000 in upgrading the cabin. She refuses to buy me out and refuses to give up the cabin. She's telling me I should default since I don't want it anymore nor can I afford it. I live in nyc and don't drive so I feel it's no longer in my best interest to keep it.Can you give me some options.Thanks.
Country relating to Question: United States
State (if USA): Pennsylvania
This is my first avenue of defense so far.
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.
Good morning. I have an easy option for you. If your co-owner will not either agree to sell the property orpurchase your interest, you can file a suit for partition. Theresult of that suit will be one of the following: i) if the property canbe equitably subdivided, the court will order the property divided into smallerparcels with each owner then owning 100% of their own smaller tract with fullcontrol over that tract; or ii) if the property cannot be equitably subdivided,the court will order the property sold and the proceeds divided. Typically, all you have to do is file the suit at most, because once your partner realizes the certainty of the court outcome, your partner, like most owners, will opt to save the costs of the suit being deducted from proceeds and agree to either sell the property or buy your interest.
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Thanks for allowing meto be of service to you. Please be aware that the information provided here isnot legal advice. Rather it is simply general information. All states have intricacies in their lawsand any information given is simply information only and specifically is notintended to be, nor does it constitute, legal advice. This communication doesnot establish an attorney-client relationship with you. I hope this answer has been helpful to you.
Texas lawyer for 32 years; Also RE developer
As I mentioned we don't own the land. It's considered personal property. It's just a small cabin that I want out of. So subdividing is not an option. There is no land involved. Also, do you send me a transcript of what you say here?
You can file the same claim on the cabin and your interest in the lease. Because the subdividing is not an option, the court will just order the sale. You can print this from your screen.
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