QUESTION
tenants in common - rights of purchase and sale
Asked on Aug 26th, 2013 on Residential Real Estate - Virginia
More details to this question:
i own as tenants in common my parents house with brother and sister can i purchase sisters 1/3 without brothers permission and then having controlling interest (2/3) sell without his approval giving him his fair 1/3 of sale ???
1 ANSWER
You can buy the other 1/3 but can't sell without the brother's signature. You can file a partition suit to force a sale, whether you own 1/3 or 2/3, but having a majority interest doesn't give you any real control, just a bigger slice of the pie.
Answered on Aug 29th, 2013 at 7:25 PM