My two sisters and I own a 3 bedroom coop. in NYC. (equal shares) Two of us want to sell the coop, can we force our sister to sell?
Yes. Even though you own shares and not the apartment itself, you can bring an action in Partition in which you'd essentially be asking a Court to order the shares sold and the proceeds split equitably. Faced with the expense and aggravation of litigation (it will be expensive on both sides) maybe your sister will agree to sell or buy out the two of you (assuming she can afford to do so).
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Yes you can sell by forcing a partition, but it depends on the form of ownership, as there are a few ways to own a coop.
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