Leni Cummins discusses partition and public sale of co-op shares when joint tenants of a co-op disagree on selling the shared property in The Cooperator. Leni explains that a person in possession of real property or co-op shares may seek a court ordered partition and public sale of the property, even if the one tenant disagrees; however, the other tenant could reject the order and obtain permission from the court allowing that tenant to buy the property. She continues that the options are complicated and could violate a co-op’s governing documents and encourages parties to reach an agreement without involving the courts.
To read the full article, click here.