How is a real property partnership dissolved? Posted on November 3, 2014

Dissolution of a partnership in land is filed with the court wherein the land is located by one of the owners of the property.

The court will order, usually, the dissolution of the partnership. Liquidation will be carried out by division in kind (which requires the consent of the local governmental authority).

If the land cannot be divided by way of a distribution in kind or registering the property as a condominium, the court shall order the sale of the property and distribution of the proceeds. Note that there are many restrictions and conditions in the law relating to such dissolutions.

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