One of the Co-Owners Refusing to Sell?
There are times in which one of the joint-owners may decide he needs to sell the property and the others refuse to buy it from him, either because they don’t have the money to buy his share or simply because they refuse to sell the property all together. In these cases a dissolution of joint-ownership may be enforced by a law court (arts 406 and 1062 Civil Code). The drawback is that the asset will be sold in a public auction which will fetch a price far below the market value. This is only advisable as a last resort where there is a serious disagreement, as all joint owners stand to lose.
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