partition

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A partition is a division of concurrent interests in land. Such types of concurrent ownerships are usually either joint tenancies or tenancies in common. The purpose of a partition proceeding is to eliminate a present concurrent interest in the same property so that each owner may enjoy and possess their interest in severalty. 

Partitions may be compulsory (judicial) or voluntary. Property can always be partitioned by consent of the owners. Where land is held in joint tenancy or tenancy in common, any of the co-owners may an end their own participation in the entity by compelling a partition. If the property cannot equitably be partitioned in kind, it will be sold by judicial process, and the proceeds paid out accordingly.

[Last updated in July of 2020 by the Wex Definitions Team]