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Updated over 12 years ago,

User Stats

127
Posts
10
Votes
Matt Liu
  • Jersey City, NJ
10
Votes |
127
Posts

Partnership Agreement - Who Can Decide When To Sell?

Matt Liu
  • Jersey City, NJ
Posted

If I have a real estate partnership, how do we decide when to sell the property? Is it true that under the Uniform Partnership Act, anyone in the partnership can request out of the deal pretty much when they want? Basically, at least from what I read, they can force the other partners to buy them out of the deal at any time (based on current appraisal), and if they can't afford it, they can actually force liquidation.

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