09/04/2026
Your co-owner has been collecting rent from the property. What happens to that money when the property is sold?
In a New York partition action, the answer isn't always as simple as dividing the sale proceeds according to the percentages on the deed.
Rents received, mortgage payments, property expenses, repairs, and other credits may become part of the accounting between the owners.
A recent New York appellate decision provides a good example of how that accounting can affect the ultimate distribution.
In a partition case, who owns what is only part of the story. Who paid what—and who received what—can matter too.
For general informational purposes only and not legal advice.