How To Sell A Share In A Property

Table of contents:

How To Sell A Share In A Property
How To Sell A Share In A Property

Video: How To Sell A Share In A Property

Video: How To Sell A Share In A Property
Video: Can you sell your share of a jointly-owned property? 2024, April
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There have been quite a few questions related to ownership shares, but not everyone knows the answers to them. By law, the owner of a share in common property has the full right to dispose of it at his own discretion. So, he has the right to sell, exchange, pledge shares and other actions provided for by law.

How to sell a share in a property
How to sell a share in a property

Instructions

Step 1

Since the owners of other shares have the pre-emptive right to purchase the share being sold, you must first notify all owners of your intention to sell the share and its value. To do this, you need to find all equity holders, even if they live in another city or region, and, having informed them of the amount and intentions, wait for an answer (as a rule, this takes 2-3 days).

Step 2

If the equity holders refused to purchase the share to be sold at the price set by you, then you can safely sell your part of the dwelling to any other person. In order for the transaction for the sale of a share in the property to proceed quickly and legally, it is necessary to perform several of the following steps.

Step 3

Get a written waiver from the equity holders. Verify the data of the paper with a notary. Provide certified refusals when completing a share purchase and sale transaction. Check your utility bills to see if you have any arrears.

Step 4

Collect the necessary certificates from the BTI and other government and commercial structures that are required when registering a share in ownership of another person. Enter into a sales contract.

Step 5

Pay all government fees for this type of transaction. Receive funds from the party acquiring your share. The deal is done.

Step 6

Attention! The buyer of a share in a property should know that he does not have the automatic right to occupy any of the rooms, since shares in a property are not measured in square meters of living space. In the case when the new owner of the share or one of the remaining wants to get personal territory, separating from others, they need, in accordance with the legislation of the Russian Federation, to conclude an agreement with other equity holders on the procedure for using the residential premises, indicating there a certain part of the house or apartment, which he will be eligible to use.

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