If three people are on the quitclaim deed, can one person give away their share without the others permission?
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If three people are on the quitclaim deed, can one person give away their share without the others permission?
Three people own a house and if one
person wanted to give away their
share, could they without the other two
permission?
Asked on June 6, 2018 under Real Estate Law, Florida
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Joint owners generally are not forced to remain co-owners forever; that would be unfair. If you’re all co-owners as either tenants in common or joint tenants) of the property (as opposed to ownership through a partnership, corporation, etc.), then one owner could sell just their partial interest in the property. The purchaser would have the same rights and obligations that your relative has now. However, it’s difficult to find an individual who would want to co-own property with strangers.
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Joint owners generally are not forced to remain co-owners forever; that would be unfair. If you’re all co-owners as either tenants in common or joint tenants) of the property (as opposed to ownership through a partnership, corporation, etc.), then one owner could sell just their partial interest in the property. The purchaser would have the same rights and obligations that your relative has now. However, it’s difficult to find an individual who would want to co-own property with strangers.
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