My question involves real estate located in the State of: Tennessee
We are purchasing a property that belongs to my Father in law who passed away 10 years ago. The heirs have done nothing with the property and it has sit abandoned since his passing. We have gotten letters of approval from all heirs with the exception of 1 who wants a portion of the 1.1 acre lot. In our area and how Zoning regulations work, no less than 1 acre can be surveyed/sold since we have no access to City water.
We have no problem with giving the Heir a portion of the 1.1 acre lot. My question is, how can we go about that since we cannot divide the lot and provide him with a Deed?
Is there another type of Legal paperwork we can provide him to show he has ownership?
Let me also add that a Small estate form was provided to the Probate office and the Small Estate file has since been closed. The only thing that remains is the 1.1 acre lot.
We are purchasing a property that belongs to my Father in law who passed away 10 years ago. The heirs have done nothing with the property and it has sit abandoned since his passing. We have gotten letters of approval from all heirs with the exception of 1 who wants a portion of the 1.1 acre lot. In our area and how Zoning regulations work, no less than 1 acre can be surveyed/sold since we have no access to City water.
We have no problem with giving the Heir a portion of the 1.1 acre lot. My question is, how can we go about that since we cannot divide the lot and provide him with a Deed?
Is there another type of Legal paperwork we can provide him to show he has ownership?
Let me also add that a Small estate form was provided to the Probate office and the Small Estate file has since been closed. The only thing that remains is the 1.1 acre lot.
Purchase Contracts: Buying Out Heirs and 1 Wants Land Versus Cash
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