Partnership problems

[Hank Ful]

Anybody have any ideas on how to get out of 50/50 equity partnership on a rental house. There is no partnership contract except a deed in both our names.

[Jerry W.]

The way I use to split up common ownership is to file a partition.  You ask the court to fairly divide the property between you, if it cannot do so it orders the property is sold and the proceeds divided.  You partner will not want to hurt the value of the property as it will reduce his share of ownership.  There are a lot of moving parts and you will need a good lawyer to help you.  Sorry it is not a thing for an untrained person to do by them self.  There may be other things in your jurisdiction that only a local lawyer can help you with.  Real estate laws can differ a lot from state to state.  Good luck.