What happens to the joint property in the event of divorce? This question often leads to disagreements. Share, rent out, sell, one of you stays in it? If the divorcing couple cannot find a joint solution, there is the threat of a partition auction. However, this often does not end well for the divorcing couple.
Divorce rarely runs completely smoothly. Things that have grown together often cannot simply be separated again. This is particularly difficult for many when it comes to a shared home. What is financially feasible and what is fair for both sides?
However, if couples cannot find a joint solution, there is the threat of a partition auction. This can be applied for by one of the ex-partners. The purpose of this procedure is to bring about a solution to an outstanding issue so that it does not drag on indefinitely. This can be used to dissolve a community in a shared property. However, it is better to avoid a partition auction, as it often leads to financial losses.
Watch our video to find out what happens if you can't agree on the whereabouts of the divorce property.
