Heir property

Texas81

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Texas
Our family has Heir property in Texas with 51 co-tenants. Two of the co-tenants want to be bought out. Is there a Texas law on certain percentage we can buy them out at?
 
Our family has Heir property in Texas with 51 co-tenants.

What does that even mean? Are there 50+ names on the deed?

Two of the co-tenants want to be bought out. Is there a Texas law on certain percentage we can buy them out at?

No.

The "wants" are at the mercy of the "haves."

In other words, the owner with the money (the "have") can dictate the how much to the owner's that want out (the "wants"), or just choose not to buy them out at all.

Then, if the "wants" want out bad enough they can spend lots of money on a lawyer and court for a "partition action."

PS: Multiple threads on the same topic are not permitted. I deleted the duplicate. Please keep all future discussion on anything even remotely connected to this topic in this thread. Thanks.
 
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What does that even mean? Are there 50+ names on the deed?



No.

The "wants" are at the mercy of the "haves."

In other words, the owner with the money (the "have") can dictate the how much to the owner's that want out (the "wants"), or just choose not to buy them out at all.

Then, if the "wants" want out bad enough they can spend lots of money on a lawyer and court for a "partition action."

PS: Multiple threads on the same topic are not permitted. I deleted the duplicate. Please keep all future discussion on anything even remotely connected to this topic in this thread. Thanks.

Thank you for your help....
 
The person or persons whose names are on the deed have no obligation to anybody whose names are not on the deed unless there is some sort of contract between them and the 51 "co-tenants" (whatever that means).

What is it that makes the two "wants" think that they have any real interest in the property that they can sell to anybody?
 
The person or persons whose names are on the deed have no obligation to anybody whose names are not on the deed unless there is some sort of contract between them and the 51 "co-tenants" (whatever that means).

What is it that makes the two "wants" think that they have any real interest in the property that they can sell to anybody?
They are each a heir and they want to be bought out by the family because they feel that are unable to contribute financially
 
They are each a heir and they want to be bought out by the family because they feel that are unable to contribute financially

Heirs don't have any rights to anything until the property owners on the deed are dead and the estate is being distributed.

Nor, by the way, do the "heirs" have any obligation to contribute financially to property they don't own.

So, again, what is it that makes any of the 50 + "heirs" think they "own" anything that they can get money for?
 
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