Bill > HB2232

This bill amends Title 20 of the Pennsylvania Consolidated Statutes to add a new chapter, the Uniform Partition of Heirs Property Act. The key provisions of this bill are: 1. It defines "heirs property" as real property held in tenancy in common where at least 20% of the interests are held by relatives or individuals who acquired the title from a relative. 2. It requires a mandatory settlement conference between the parties to attempt to resolve the partition action through a mutually agreeable agreement before the court can take further action. 3. It establishes a process for cotenants to buy out the interests of other cotenants who request partition by sale, and for the court to allocate the remaining interests if some cotenants fail to pay their share. 4. It provides guidelines for the court to consider when determining whether to order partition in kind or partition by sale, including factors like the ability to practically divide the property and the impact on the overall value. 5. It authorizes the court to order an open-market sale, sealed bids, or auction to sell the heirs property if partition in kind is not feasible. The overall purpose of this bill is to provide a more uniform and equitable process for partitioning real property that is held by multiple heirs or relatives as tenants in common.