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Agreement of Co-Owners to Sell Jointly Owned Property

    Why use this legal form?

    • Creates a legally binding contract by which all owners agree to sell jointly owned property 
    • Resolve ownership issues with a voluntary sale and save thousands in attorney fees
    • Avoid a partition action or a forced sale in certain cases
    • Get all co-owners on the same page before attempting a sale
    • Prevent co-owners from backing out after agreeing to a sale
    • Establish the main details on how the property will be sold
    • Establish how the money will be divided (percentages)
    • User-friendly template can be edited to fit your situation

     

    When property is jointly owned by multiple co-owners, it can be hard to reach a solid agreement on what to do with the property. As a co-owner, you can threaten to file a partition lawsuit if certain co-owners are uncooperative. Hopefully, the threat of a partition action will bring all of the co-owners to the table to discuss a voluntary solution. If the owners agree to a voluntary sale and you want to lock that agreement down in writing, you can use this template to create a legally binding contract. The contract would help prevent co-owners from backing out before closing. It would also reduce the main details to writing, such as how the money will be divided, when the property will be listed, whether to use a realtor, and whether there will be a minimum selling price.

    Description: what is included?

    • 4-5 page agreement template in Word format
    • Instant download upon purchase
    • Highlighted instructional content to help you edit and complete the template
    • Multiple checkbox options to help you prepare a thorough contract
    • Usable in any state
    • Written in understandable language, but still thorough and detailed

     

    How to use this legal form:

    • After downloading the document, fill out the highlighted content with your details, such as owner names and property address
    • Edit and customize the document as necessary to fit your situation
    • Delete instructional highlights if necessary
    • Sign the agreement with all parties to the contract
    • Follow the details in the contract to finalize the agreement

     

    Who can use this letter?

    • This legal form can be used by either attorneys or non-attorneys.
    • At minimum, you need to be capable of editing and printing Word documents to use this letter.

     

    Should you hire an attorney or use this legal template?

    This legal template is not the same as hiring an attorney, and in some cases, you should hire an attorney. That is 100% your decision.

    But here are some reasons why you might want to use this legal template:

    • Pay a small fraction of what you would pay an attorney
    • Stay in control of the negotiation process
    • Avoid threatening your co-owners with a lawyer unless absolutely necessary
    • Get started immediately rather than waiting on an attorney
    • Attempt to resolve the situation outside of court (and hire an attorney for court only if necessary)

    This is a legal Product, not a legal Service. When you buy this legal form, you are not hiring an attorney. See our Terms & Conditions on the difference between a legal Product and a legal Service. We respect your decision about when to hire an attorney and when to use legal tools directly.  If you decide you need legal advice, contact our attorneys. We can either represent you or help you find an appropriate attorney. Keep in mind that we charge separately for legal services, including any advice about how to use or interpret products purchased from our firm.