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re: Law Question
Posted on 9/13/18 at 11:17 am to huntfish26
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
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