- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Law Question
Posted on 9/13/18 at 10:05 am to Ex-Popcorn
Posted on 9/13/18 at 10:05 am to Ex-Popcorn
There is not a Joint Venture agreement. I'm just calling it a joint venture because multiple people own the land. I am talking about selling land, not a farming operation.
2
Posted on 9/13/18 at 11:17 am to huntfish26
Which side are you on OP? Was this something like inherited land to all 6?
I have no actual legal advice, but the best thing is to have the members that don't want to sell buy it. Splitting it is going to be a legal disaster.
If this was inherited, the 55% that want to sell need to understand they will not be getting anything close to full value only selling a selected portion. So they are better off selling it at a reduced value to the party that wants to keep it.
If both sides can't come to terms that are going to be bad for both sides, then an expensive legal 3rd party will make terms that are worse for everyone.
ETA: If this is something like hunting land that 6 people willingly bought together that will be a mess they should have had spelled out in the beginning.
I have no actual legal advice, but the best thing is to have the members that don't want to sell buy it. Splitting it is going to be a legal disaster.
If this was inherited, the 55% that want to sell need to understand they will not be getting anything close to full value only selling a selected portion. So they are better off selling it at a reduced value to the party that wants to keep it.
If both sides can't come to terms that are going to be bad for both sides, then an expensive legal 3rd party will make terms that are worse for everyone.
ETA: If this is something like hunting land that 6 people willingly bought together that will be a mess they should have had spelled out in the beginning.
This post was edited on 9/13/18 at 11:19 am
Posted on 9/13/18 at 11:34 am to huntfish26
the best case scenario is the owners who don't want to sell offer to buy the others out. maybe even try to get everyone to agree to mediate. if you go to court for a partition, nobody will be happy except your lawyer.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News