Do ALL owners of a property need to sign the contract for the sale of timber for the contract to be valid? Thank you.
If the property is owned by a corporation, it can be signed by anyone with the authority to sign. This could be the president of the corporation, or a vice president authorized to sign. It depends on how the corporation is organized. If the property is owned in a partnership, one of the partners can probably sign for the others. It still depends on how the partnership is set up and how the partners have decided the partnership should work. If the property is owned as a joint tenancy, it is safest to have both or all owners sign. No one owner owns the whole property.
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Yes, unless the property is owned by the owners as shareholders or members partners or joint venturers, which ownership entity allows something different to enter into a contract. If there is an ownership entity, its governing documents will control.
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Technically if a property is jointly owned by tenants in common, each tenant has the right to use any part of the land however they want, which includes contracting for its use and would only be responsible for sharing in the profits of that use with other tenants (owners). However, in order to avoid any kind of legal hassle, it would be strongly advised to get everyone that has a right to the property to sign off on a contract for removal of goods.
I am a Massachusetts attorney and answer questions based on Massachusetts law. The above answer is for educational purposes only and does not create an attorney client relationship or constitute legal advice.
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