Asked in Real Estate Law for Arkansas

Q: Can you sell your percentage of property if you are a joint owner ?

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1 Lawyer Answer
Patrick R. Lee
Patrick R. Lee
  • Licensed in Arkansas

A: You can, but you're selling an "undivided interest," and I can't imagine why anyone would want to buy one. If you own a third of the property, you don't own 1/3 of the land, you have a 1/3 interest in all of the land. So, you'd have just as much right to possess the property as the people owning the other 2/3.

I just think it's highly unlikely anyone would want to buy just your interest without knowing they could get the rest. Plus, you'd severely upset the other owners.

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