partition

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partition

The division of real property into separate parcels for joint owners who no longer wish to own the property together.If possible,a court must physically divide the property into shares of equal value and quality.If not possible,the court will order a sale of the property with the proceeds to be split among the owners.Partition actions are encountered most often when an owner of real property dies without a will but with several heirs.If they cannot agree on a disposition of the property, it will be partitioned. In the alternative, investors will often buy an undivided interest from a minority heir for very little money and then petition a court for partition.Usually the investor will be able to buy the property at the partition auction, because none of the other owners can afford to purchase the whole.The strategy is not intended to obtain a bargain price for property,because the court will usually order an appraisal and prohibit any owner from buying at a price less than the appraised value. Rather, the practice is intended to force property onto the market even though some or most of the other owners have no desire to sell.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
(57.) See also Pippa Virdee, "Partition in Transition: Comparative Analysis of Migration in Ludhiana and Lyallpur," in Anjali Gera Roy and Nandi Bhatia, eds, Partitioned Lives: Narratives of Home, Displacement and Resettlement, New Delhi: Dorling Kindersley, 2008, 156-73.
In hierarchical QAM, the signal constellation is partitioned so that specific blocks of the partition contain message points with the maximum possible Euclidean distance between them at the expense of message points in other blocks which are separated by a much smaller minimum distance [13].
where [[bar.x].sub.1] and [[bar.x].sub.2] are the subpopulation means, [n.sub.1] and [n.sub.2] are the number of individuals in each subgroup, and [[sigma].sub.1.sup.2] and [[sigma].sub.2.sup.2] are the subpopulation variances (3).A z-statistic that is above a given cutoff suggests that the groups should be partitioned. The suggested cutoff for z-statistics formulated by Harris and Boyd (2) and reiterated in more general form by CLSI guidelines (1) is:
It can be observed that most of the protease was partitioned in upper PEG phase as in PEG/potassium phosphate, PEG/ citrate, PEG/ sodium sulfate and PEG/ Sodium dihydrogen phosphate systems while it was more partitioned towards dextran phase in PEG/dextran system.
Whether or not one wants to follow Ranabir Samaddar in substituting "partitioned times" for "post-colonial times"--and I, for one, would not want the necessary connection between the two terms to be obscured--it is at least the case that the generic affinities between these otherwise disparate fictional texts are more convincingly explained as a common form of reference to partition than to the more general and variegated history of imperial rule.
In addition, the nation could not be partitioned without dividing the army, the security forces, and the police.
"Only a memory-protected, partitioned RTOS with fast, predictable response times can deliver the security needed for a high-reliability access control system like Keri's."
These partitioned applications are often developed using the Message Passing Interface (MPI) program development and execution environment.
This property is also evident when the Mallalieu row is partitioned into two-dimensional pitch-class configurations, or cross-partitions.
The Tax Court has held that since many real estate interests can be partitioned, unlike security ownership interests, discounting should represent the costs involved in the partitioning process.

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