Undivided Interest

Have you heard this phrase before? Ever wondered what it meant? An undivided interest in real estate means that the parcel is held by two or more persons but the parcel itself is not divided among them. The parcel is a single undivided piece of property. This type of ownership typically occurs when a parcel is inherited or if partners by a parcel of land together.

This type of ownership can potentially have issues when it comes to selling the property. If everyone with interest doesn’t want to sell at the same time, what do you do? If the opportunity exists make sure to get this worked out upfront with some type of agreement to sell. Unfortunately, if all other possible negotiations fail then the only option left in Georgia are Partition Actions.