What statement is true about the partitioning of concurrent ownership in real estate in Connecticut?

The concept of partitioning concurrent ownership in real estate refers to the division of property owned by two or more parties so that each owner can hold their individual share. In Connecticut, both voluntary and involuntary partitioning is allowed, which means that co-owners can agree to divide the property by mutual consent (voluntary) or one owner can seek to compel the sale or division of the property through a court action (involuntary).

Voluntary partitioning typically occurs when the co-owners reach an agreement on how to divide the property, which can be reflected in a legal document. On the other hand, involuntary partition can happen when one owner wants to sell their interest or seek a division of the property through legal means, which might include a court-ordered sale if the parties cannot reach an agreement.

This dual approach to partitioning allows flexibility in handling co-owned real estate. It acknowledges that relationships and intentions among co-owners may shift over time, and provides routes for resolving disputes or changes in ownership desires through both mutual consent and legal processes.