Question:
1/3 recreation property/cabin shared with 2 siblings. I want to sell & do not use. Must I continue to pay taxes? Force a buyout? Washington State. I been paying my 1/3 taxes up to 2/2012. 2/2012 I requested a buy out or request to sell during the window of opportunity to show in market stating that I would pay taxes/fine at time of sale. Can I force them to buy me out? Can I refuse to pay taxes until buyout or sale? Will it endanger my ownership share? What are my legal rights? Also, if any improvements are made without my agreement must I still pay 1/3 of the improvement cost? The “will” only states the property to us 3 kids with no further direction. There is no trust. I wish to be cashed out. I never use this property. (Shelton, WA)
Answer:
I will presume from your question that fee simple title is held by you and 2 siblings as a result of a parent’s death. I am always an advocate for avoiding litigation whenever possible. I would recommend getting an appraisal of the property to determine its fair market value. The cost of the appraisal could be split amongst the 3 owners. Once you have the property’s fair market value, work out a way for the other 2 owners to purchase your 1/3 interest in the property. If the other owners are unwilling to consider that approach, I would recommend that you speak with an attorney about a possible partition action. Good luck, Roger
Disclaimer
This answer is merely for general informational purposes only and does not constitute an attorney/client relationship. You are strongly advised to consult with an attorney licensed in your home jurisdiction to get detailed advice on your legal matter based on the laws of your home jurisdiction and case facts.
