New Jersey Statutes

§ 2A:56-53 — Factors in determining great prejudice, cotenants, partition in kind,

New Jersey·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

9. a. In determining under subsection a. of section 8 of this act whether partition in kind would result in great prejudice to the cotenants as a group, the court shall consider the following:

(1)Whether the heirs property practicably can be divided among the cotenants;
(2)Whether partition in kind would apportion the property in a way that the aggregate fair market value of the parcels resulting from the division would be materially less than the value of the property if it were sold as a whole, taking into account the condition under which a court-ordered sale likely would occur;
(3)Evidence of the collective duration of ownership or possession of the property by a cotenant and one or more predecessors in title or predecessors in possession to the cotenant who are or were relatives of

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