Tenancy In Common Attorney To Destroy The Venture - Part 3

Methods in Terminating a Joint Venture

Your tenancy in common attorney can give you the options you need to terminate a joint venture. One option includes an open agreement with your co-owner to sever the venture, giving each an ownership of a share of the property according to the percentage of your investment.

Another method given to you by your tenancy in common attorney is through judicial partition. This option will divide the property according to the stipulated agreement depending on each of their shares. Another method would be to sell the property itself and the proceedings and profits will be distributed to each of the co-owners.

Ousting is also one method of terminating a joint venture with an individual in a tenancy in common. Ousting will automatically terminate the tenancy in common when one or more co-owners are dispossessed of the property in question. Followed by this option are legal proceedings when the ousted party will demand their rightful share of the investments, as well as the profits.