Legal Question in Real Estate Law in Maryland

Joint owners can own property in different ways. You might own this as a tenant-in-common or as a joint tenant. If a tenant-in-common, one could theoretically sell their 1/2 to whomever they wanted for whatever price they wanted without involving the other party or changing anything. However, there is not much of a market for partial interests in residential property.

Practically speaking, one might sell a partial interest to the other owner(s) or to another family member and this is done by deed as with any real estate transfer. My firm helps with family deed transfers as do many other real estate attorneys. The government will collect transfer and recordation tax on the consideration for the 1/2 interest. Outside of family transfers, the practical options are few without involving the other owner(s) or forcing a sale.

While I hope this general information helps, it doesn't create an attorney/client relationship or promise to represent. You may want to consult with an attorney to discuss the specifics of your situation and/or to get help drawing up a deed.