The answer to your question may depend on the type of co-ownership that the first and second owners have in the property, and the laws of the state or country where the property is located. However, in general, a co-owner can sell his or her undivided share of the property to anyone, without the consent of the other co-owners, unless there is a specific agreement or restriction that prevents him or her from doing so. However, the co-owner cannot sell a specific portion or boundary of the property, as that would affect the rights and interests of the other co-owners. The buyer of the co-owner’s share will become a new co-owner of the property, along with the existing co-owners.
Therefore, if the first co-owner wants to sell his whole part of the property, he can do so without obtaining the consent of the second owner, as long as he sells his undivided share and not a specific piece of land. The second owner does not have to sell his part of the property, unless he agrees to do so. However, he will have to share the ownership and possession of the property with the new buyer, who will replace the first owner as a co-owner. The second owner may also have the option to buy out the first owner’s share, if he wants to avoid having a new co-owner.
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The first co-owner wants to sell his whole part and the second owner does not want to sell his part. Is it necessary for the second owner to obtain the consent of the first owner to sell his part?
Pankaj Rawat
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1 Year
2023-09-20T08:53:36+00:00 2023-09-20T10:04:40+00:00Comment
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