Charlotte, NC asked in Real Estate Law, Business Formation, Business Law and Land Use & Zoning for Tennessee

Q: Can my real estate partner sell the property which we built and I operate my small business on? What are my rights and

Options for keeping my portion of the land that my business is located? If we cannot agree to subdivide the majority of the entire property into lots for resale, with him getting reimbursed for all of his expenses prior to me drawing any shares from the sale, will the property be ordered auctioned? Are there any rights for me to keep a small portion of the land that contains my business? How can I keep my home based business from being sold out from under me?

1 Lawyer Answer
Anthony M. Avery
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Answered
  • Real Estate Law Lawyer
  • Knoxville, TN
  • Licensed in Tennessee

A: Consult with an attorney to either work out your differences, or dissolve the partnership/sue for partition of real property.

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