Norway, ME asked in Real Estate Law for Maine

Q: I co-own a camp with two family members, all three of our names are on the deed. I can I have them buy me out?

Or sell the camp and split three way?

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1 Lawyer Answer
Fred Bopp III
Fred Bopp III
Answered
  • Yarmouth, ME
  • Licensed in Maine

A: Generally speaking, the short answer to your questions is yes, but that answer could be impacted by the terms of the deed conveying the property to the 3 of you, any related documents concerning your joint ownership of the property and its potential sale, and how the three of you hold title to the property.

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