In real estate law, partition refers to the division of real property owned jointly by two or more parties into separate portions. The result is individual ownership interests, allowing each former co owner to hold title to a distinct share of the property.
Partition may occur voluntarily by agreement among the co owners or through a court ordered process when the parties cannot agree. The division can take the form of a physical division of the property or, when that is impractical, a sale of the property with the proceeds divided among the owners.
