Selling Leased Co-Owned Property: Article 493, Buyer Options and Tenant Rights
Can you sell leased co-owned property? Understand Article 493, buyer options, tenant rights, partition and lawful ways to end a five- or ten-year lease.
Can you sell leased co-owned property? Understand Article 493, buyer options, tenant rights, partition and lawful ways to end a five- or ten-year lease.
A co-owner can sell his own undivided share without asking anyone. What he cannot do is sell the whole property, or a specific portion of it, and bind the others. Here is what such a sale actually transfers and what the remaining co-owners can do about it.