Shared Ownership: How Should Property Be Divided Without Disputes?
When a property has multiple owners (for example, heirs or former partners) and they are unable to reach an agreement regarding its management, the asset becomes frozen and loses its value. The Civil Code of Georgia establishes that each participant in shared ownership has the right at any time to request its termination and the allocation of their respective share.
If the property cannot be divided in kind, the court may decide to sell the asset at auction and distribute the proceeds proportionally. Our team assists clients in complex property disputes to ensure that they receive what they are legally entitled to.
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