Property Investment Croatia | Selling a real estate with multiple owners

Posted on July 29, 2012

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If you are in a possession of a house with multiple owners and want to sell it, there might be some problems if one of the owners shows some kind of reluctance. Looking from the legal point of view, there is nothing stopping you from selling your part without other owners consenting. All you need to do is prove the size and ownership over a part of the real estate. And that is when the co-owners can start their obstruction! If you can’t finish the process, the best thing to do is to break the co-ownership contract. There is still a chance that your partners will not agree to this, so you may have to hire a lawyer and start a legal process to break the contract. The court than may sell the real estate at a public auction and divide the money between the owners, thus solving all your problems. However, this is not something we should recommend you do cause it is always better to come to an agreement without bringing third parties to the whole situation. Besides that, Croatian courts are not known for their efficiency at the moment.

via Property Investment Croatia | TRASA Real Estate Croatia – Part 9.

Posted in: Croatia