Division of the object of immovable property

Quite often there are situations when real estate owners want to sell or give away a part of their own real estate – a house or an apartment. This can be done on the basis of the procedure of preliminary division of property. The most acceptable option is the division of the real estate object. In this article, the lawyers of our Prykhodko and Partners law office will tell you how to divide an apartment or a house as much as possible.

Features of the division of real estate objects

In most cases, property division is a difficult task. According to the current Ukrainian legislation, there are two options for the division of property that is in the status of joint ownership:

• Judicial procedure.
• Voluntary order.

In this process, very important aspects are the division of the house/apartment/commercial real estate into shares. Let’s start with the analysis of the first option – the division of the object of immovable property during the court session.

• In what cases will this option be needed?

The court procedure is used in cases where the parties cannot reach a compromise on the division of real estate.

• What are the features of judicial division of real estate?

During the trial, such components as: evidence of ownership, real estate value (when dividing a commercial real estate object), business assets, etc., will be analyzed. In this case, in order to save money and time, it is better to seek help from lawyers Prykhodko and Partners.

Next, we suggest considering the division of property in a voluntary manner.

• In what cases will this option be needed?

In most cases, the division of property through the court is a costly and lengthy process. That is why the parties often decide on a voluntary order.

This option is governed by the relevant legal rules and regulations. They reliably protect the rights and interests of each party, thus contributing to the fair division of liabilities and assets.

• What are the features of voluntary division of real estate?

In order to reach a compromise during the distribution of property, the parties must cooperate. This is ensured through negotiations, the use of mediation and arbitration.

It is also worth noting that such types of real estate as: buildings, premises, land plots can be distributed based on the determination of the share of each party.

The next stage is the choice of section options. This can be, for example, the purchase by one of the parties of a share of the value of the movable property. In addition to redemption, there may be an exchange of property, the value of which is the same. Thus, a fair division is achieved.

As for the division of commercial chattels, it is also done judicially or voluntarily. The key aspects in this case are the division of the share from the real estate object. For a legal and fair division of real estate, it is better to seek help from professionals.

After the state registration of individual real estate objects is carried out, the owners of these objects can dispose of the real estate at their own discretion.

Assistance of professional lawyers in the division of real estate

Thus, if you need to divide real estate, the first step you should take is to enlist the support of professional lawyers. We are ready to offer you the best option for solving even the most difficult tasks.

Do you still have questions? We are waiting for a preliminary consultation! To calculate the cost of a lawyer’s services for the division of real estate, fill out the form below.