How to sell joint property

Please specify what type of ownership exists in your apartment - sharing or equity. Joint property means evidence of ownership of the indication of all persons participating in privatization. This form of ownership was characteristic of the privatization in the nineties. Proportion as the property provides a separate certificate from each owner. The owners have the right to dispose of their shares, although in practice this is hardly feasible. Type of ownership of independent features in the design of securities in the transaction.

When preparing documents to sell the apartment to warn about the situation of a realtor. It will make in preparing the contract documents required and can give you helpful tips on how to act.

If you have a joint property in the apartment, prepare on your own or with a realtor package of documents - a certificate of ownership and a contract of sale showing all the property owners.

Before you sell the house, get consent from all owners. If they, too, are interested in selling, you will not have problems. They can either draw on the power of attorney that you represented their interests in the transaction, or they will also have to attend the signing of the contract and other papers at the notary when making the sale.

If other owners do not want to sell the apartment, and you want to implement your share, you first must offer to buy back your share at fair market value. It should be fixed special assessment organization. If they refused to buy their share and you don't want to agree to a sale, you can sue for partition of the apartment. In the case of satisfaction of your claim the court will issue a decree for the sale of the apartment and dividing the money between the owners. However, if the owners of a minor, incapacitated and this is their only shelter, the decision on the division likely will not be submitted.