Legal Question in Real Estate Law in Minnesota

Re: Selling My Apartment Building

An attorney would need to review the facts of the matter first (examine title, see if property is owned as tenants in common, joint tenancy, etc.). After doing so, a partition action may be appropriate. Feel free to contact me to discuss.

Disclaimer: The information presented should not be construed to be formal legal advice or the formation of a lawyer/client relationship.

Re: Selling My Apartment Building

I assume you own it as tenants in common. Any one or more of you can compel a sale of the property by starting a partition action in district court. If the property cannot be physically divided without harming its value (almost certainly the case with an apartment building), the court orders a sale of teh property and the net proceeds are divided among the owners. Once everyone understands the law and that a partition action will be filed, the reluctant owners usually agree to sell without going to court because the court ordered sale often does not get the highest price and there are significant court and legal expenses that reduce the return to all the owners.

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