Owning Land

Dealing with Undivided Interest in Rural Land

Have you ever heard the phrase “undivided interest” and wondered what it meant? Undivided interest means the title to a piece of real estate is held by two or more persons, but that the land itself is not divided among them; the land is a single, undivided parcel. This type of ownership usually occurs when a piece of property is inherited by siblings or if friends/partners/investors buy a piece of land together.

What happens when one of the owners wants to sell the land but the others are not in agreement? What do you do? If not dealt with early, professionally and properly, you can end up with a big mess, squabbles, and fights. With proper planning, disputes can usually be avoided. The last thing you want is for the property to be the cause of anger, resentment, and frustration among your loved ones. Pat Porter, owner and broker at RecLand Realty, offers some suggestions on how an owner can approach this type of situation. After all, land ownership should be a big blessing, not a big burden.

This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of LANDTHINK. Use of this content without permission is a violation of federal copyright law. The articles, posts, comments, opinions and information provided by LANDTHINK are for informational and research purposes only and DOES NOT substitute or coincide with the advice of an attorney, accountant, real estate broker or any other licensed real estate professional. LANDTHINK strongly advises visitors and readers to seek their own professional guidance and advice related to buying, investing in or selling real estate.

About the author

Pat Porter

Pat is the owner / broker for RecLand Realty. RecLand specializes in selling hunting land, timberland, farms, & ranches in LA, AR, MS, TX, IA, & MO. See their company website at RecLand.net.

Pat, his wife, and three boys are land owners and enjoy hunting, shooting, and an outdoor lifestyle. They live in northeast Louisiana and are usually in the woods somewhere several times a week.

2 Comments

Click here to post a comment

The Pulse

When buying rural land, how important is it that your property be located near public land?

ANSWER
THE PULSE SPONSORED BY:

PotlatchDeltic