Why Forced Sales Occur
Forced sales generally occur because tenants are unable to agree upon certain aspects of the ownership. The owners may disagree on how to use the property, on the amount of money to invest into the property, or on their right to occupy and use the whole of the property. If the parties cannot come to an agreement, the case moves to court through a petition to partition action. As the number of co-habitants increases in the United States, the petition to partition action has become more common as a remedy to divide real and personal property.
Property may be owned by more than one person either as joint tenants, tenants in common, and in some states tenants by the entirety. The choice of which tenancy to enter into is made by the parties at the time of purchase. With each type of tenancy, each owner has the right to occupy the whole. That means that an owner is not allowed to designate certain rooms as their own and so on. Each element of the property is enjoyed fully by all parties.
Read more about this topic: Forced Sale
Famous quotes containing the words forced, sales and/or occur:
“For in all the world there are no people so piteous and forlorn as those who are forced to eat the bitter bread of dependency in their old age, and find how steep are the stairs of another man’s house. Wherever they go they know themselves unwelcome. Wherever they are, they feel themselves a burden. There is no humiliation of the spirit they are not forced to endure. Their hearts are scarred all over with the stabs from cruel and callous speeches.”
—Dorothy Dix (1861–1951)
“The elephant, not only the largest but the most intelligent of animals, provides us with an excellent example. It is faithful and tenderly loving to the female of its choice, mating only every third year and then for no more than five days, and so secretly as never to be seen, until, on the sixth day, it appears and goes at once to wash its whole body in the river, unwilling to return to the herd until thus purified. Such good and modest habits are an example to husband and wife.”
—St. Francis De Sales (1567–1622)
“When great changes occur in history, when great principles are involved, as a rule the majority are wrong.”
—Eugene V. Debs (1855–1926)