Legal Question in Real Estate Law in Louisiana

I have 50% undivided interest in a piece of property in St. Tammany Parish, Louisiana. My sister inherited the land in about 1968. I bought in in about 2000. We agreed when I bought in that we would wait until the price appreciated and then sell. Now the land is worth more than twice as much, 8 years have passed and I want to sell. She now wants her half to go to her grandkids.

She would possibly persuade her son-in-law to buy me out for less ( in time adjusted dollars) than what I paid in the beginning instead of the true market value. I am not pleased.

Do I have any legal options?


Asked on 8/25/10, 6:11 am

1 Answer from Attorneys
Adam Lambert The Law Office of Adam S. Lambert

Any co-owner in a piece of property (no matter how small or large his share) can petition the courts to have the property sold and the co-owners all paid off according to their ownership shares. If you own 50% of the property, nobody can make you take less than 50% of the true value of the property in today's market.

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Answered on 8/30/10, 8:14 pm


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