HI SB134

Adopts the Uniform Partition of Heirs Property Act, establishing procedures for partitioning real property held in tenancy in common that meets specific criteria (heirs property).

Heirs property is defined as property where at least 20% of interests are held by relatives or acquired from relatives, and there is no binding agreement among cotenants governing partition.

Requires courts to appoint a licensed real estate appraiser to determine fair market value of heirs property, with mandatory notice to all parties and opportunity to object within 30 days.

Establishes a cotenant buyout process allowing non-selling cotenants to purchase interests of those requesting partition by sale within 45 days at a price based on their fractional ownership.

Defaults to partition in kind (dividing property into separate parcels) unless the court finds it would cause great prejudice to cotenants; partition by sale is used only when partition in kind is impractical or unfeasible.