A partition valuation refers to the process of determining the value of a property when it is being divided or partitioned between multiple owners, typically in the case of a legal or financial dispute. This situation arises when co-owners of a property decide to separate their ownership interests, often leading to the physical division of the property, or the sale of the property and distribution of proceeds.
Partition valuations are especially common in situations involving joint tenancy, tenancy in common, or when property is inherited by multiple heirs. A partition valuation helps ensure an equitable distribution of the property, whether through a physical split, sale, or other arrangements.
A professional valuer examines the property’s location, size, and condition to establish its current market value.
The valuation considers each owner’s stake, analysing ownership percentages, share value, and agreements.
The valuer reviews zoning laws, land use restrictions, and regulations to ensure compliance during the partition.
Appropriate methods—such as sales comparison, income, or cost approach—are applied based on the property type.
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