Issues Arising Out of Partners Jointly Holding Properties

Real estate is an area where more than one partner can jointly purchase a property. It could be a business partner, family member, relative or friend. The people who jointly hold ownership to the property are called as partners. This could be a business establishment, house or just a piece of land.

Some of the issues that arise out of joint ownership are-

One or More Partner Won't Sell

You might have joint ownership and you need to sell the property for whatever reasons, or at least sell your share of the property. Then you need the consent of all the owners of the property. Unless you get their approval you will not be able to legally sell it. If there are no other legal issues, the joint owners should at least allow you to sell your share of the asset. If this is not allowed then you can seek the help of expert witness services where the expert can help sell your part legally and without any issues.

One or More Party Won't Pay

When purchasing a real estate in Hawaii, if there is more than one owner, then the cost of the asset might be split evenly or in an agreed manner. The details of payment and percentage of the same will also be mentioned in the deed. If any of the parties does not pay their share of the cost, then the other partners can avail the services of real estate expert witness. These partnership disputes expert witness will look into these issues and also might go to the court if the partner does not pay. On refusing to do so, his ownership can be terminated too.

Disagreement over Maintenance Issues

Again, there might be an agreed method of handling maintenance issues or repairs that might arise for an estate. The way to handle this might be mentioned in the deed. It can be challenged by a real estate partnership disputes expert witness if it is not adhered to by any partner. They can give solutions to legally solve this without going to a court of law. But if the issue persists in extreme cases the real estate expert witness can also challenge the ownership of the partner if he causes havoc to the maintenance plans for the estate.
Disagreement over Owner's Value

In the case that a property has become very old and the value of the asset in Hawaii is to be revalued, then the owners might jointly agree to do so. In this case, they can avail real estate expert witness services that help to value the worth of a property. In some cases there might be a chance that one owner feels that his portion of the property is under valued and he is not getting the right benefit out of it. In this case, he can again hire the services of Hawaii's real estate expert witness who can ascertain the true and real value of the property and ensure that nobody is cheated of their rights.