Real Estate Divorces: When Co-Ownership No Longer Works
Companies and individuals frequently co-own real estate with others. Over time, what started out as a good working relationship between co-owners, may devolve into acrimony if they are unprepared or unable to collaboratively resolve management and operational issues. When co-owners are at loggerheads, issues relating to important matters, such as leasing, expenses, profits-splitting, financing and development, often cannot effectively be addressed. In the absence of a well-conceived "prenuptial" agreement, such circumstances could lead to costly litigation – and unforeseen circumstances for each party.
In this program, we discuss strategies for avoiding crippling co-ownership disputes before they arise, and the solutions that are available to co-owners when they do. Specifically, we will cover:
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