Property Ownership
In Missouri, a 'partition action' is a court proceeding where:
AA neighbor disputes a fence line
BCo-owners who cannot agree on the property's disposition ask the court to divide or force sale of the property✓ Correct
CThe county divides a parcel for tax purposes
DMREC divides commission among agents
Explanation
A partition action in Missouri allows co-owners (tenants in common or joint tenants) who disagree on use or sale to petition the court to either physically divide the property or order it sold with proceeds distributed among owners.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Math Concepts
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