Terminate Property Co-ownership - Force Property Sale in Greece

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Very professional service from start to finish. We found the advice and approach extremely useful and highly professional. Thank you!

Rachel
19 Dec 2024

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Service Details

Terminate Property Co-ownership - Force Property Sale

This service is available across Greece

Who Is This Service For?

In Greece, the legal framework allows for the termination of co-ownership and the forced sale of property through judicial partitioning.
This process is governed by Articles 799 and 800 of the Greek Civil Code (GCC) and relevant provisions of the Greek Code of Civil Procedure (CCP), offering a structured path for co-owners who are unable to agree on the voluntary division or sale of a property.
This service is tailored for co-owners in Greece who wish to dissolve their co-ownership arrangement due to disagreement or other reasons preventing the amicable partition or sale of jointly owned property.

Prerequisites

The legal requirement for terminating co-ownership in Greece involves proving co-ownership under substantive law and the failure to reach an out-of-court agreement for the distribution of the property.
The process is initiated when co-owners cannot unanimously agree on the property's division or sale.

Process: Our Approach

Understanding the Co-ownership Structure: Detailed review of property documentation and co-ownership agreements to understand each party's rights and shares.
Legal Framework Overview: Providing an overview of Greek property law, specifically articles 799, 800 of the Greek Civil Code (GCC) and relevant provisions of the Code of Civil Procedure, which govern the distribution of property and judicial partition.
Attempt at Amicable Resolution: Initiating discussions among co-owners to explore the possibility of a voluntary agreement for property distribution or sale.
Exploring Alternative Solutions: Considering partition of the property if feasible, or identifying potential buyers among the co-owners or external parties.
Filing for Judicial Distribution: If an amicable resolution is not feasible, preparing and filing a lawsuit for the judicial distribution of the property as per Article 799 of the GCC.
Court Representation: Representing the client's interests in court, presenting evidence, and advocating for either direct distribution of property shares, sale through auction, or other court-directed solutions.
Auction or Direct Sale: Depending on the court's decision, proceeding with the auction process as regulated by Greek law or facilitating a direct sale if allowed.
Legal and Financial Documentation: Ensuring all necessary legal and financial documentation is in order, including the preparation for auction or sale agreements.
Distribution of Proceeds: After the sale, overseeing the distribution of proceeds among the co-owners according to their respective shares as determined by the court or existing agreements.
Resolution of Co-ownership: Completing all legal formalities to dissolve the co-ownership structure officially, ensuring all parties receive their rightful share and the co-ownership is terminated satisfactorily.
Legal Advisory: Offering ongoing legal support to address any subsequent issues or disputes that may arise from the distribution or sale process.
Property Management Advice: Providing advice on managing proceeds from the sale, including investment or purchase of new property.

Advantages of this Service

Expert Guidance: Navigating the complexities of Greek property law and court procedures can be challenging. Our service provides expert legal advice and representation.
Efficient Resolution: We aim to achieve an efficient and fair resolution that aligns with our clients' interests, whether through negotiation or litigation.
Comprehensive Support: From filing the lawsuit to executing the court's decision, we offer full support throughout the process.

Key Elements of this Service

Representation in legal actions for property distribution.
Assistance in negotiations for an out-of-court settlement.
Legal advice on the division of property or sale and distribution of proceeds.
Managing all administrative and legal aspects related to the termination of co-ownership

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include: