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FL H0349
Bill
Status
10/14/2019
Primary Sponsor
Civil Justice Subcommittee
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AI Summary
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Establishes the Uniform Partition of Heirs Property Act in Florida law, applicable to partition actions filed on or after July 1, 2020
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Defines "heirs property" as real property held in tenancy in common where no binding agreement exists, at least one cotenant acquired title from a relative, and at least 20% of interests involve relatives or relative-acquired titles
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Creates a court-ordered process for property valuation through court-appointed appraisals, with parties having 30 days to object and court conducting a hearing within 31 days of appraisal filing
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Establishes a cotenant buyout mechanism allowing non-sale-requesting cotenants to purchase interests of cotenants requesting partition by sale within 45 days, with allocation among multiple buyers based on fractional ownership
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Provides partition alternatives including partition in kind (physical division) unless commissioners find prejudice to cotenants as a group, or partition by sale through open-market sale, sealed bids, or auction, with open-market being the default method
Legislative Description
Uniform Partition of Heirs Property Act
Last Action
Laid on Table - Companion bill(s) CS/CS/SB 580 passed
3/9/2020