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Get the free REAL ESTATE DIVISION STATEMENT OF FACT - tchoa

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STATE OF NEVADA DEPARTMENT OF BUSINESS AND INDUSTRY REAL ESTATE DIVISION 1179 Fairview Drive, Suite E * Carson City, NV 89701 * (775 6874280 2501 East Sahara Avenue, Suite 102 * Las Vegas, NV 89104
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How to fill out real estate division statement

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To fill out a real estate division statement, follow these steps:

01
Identify the purpose of the statement: Understand why you need to fill out a real estate division statement. It is typically used to determine the division of real estate assets during a divorce or property settlement.
02
Gather necessary information: Collect all relevant details about the property, such as its address, legal description, and current market value.
03
Specify the parties involved: Clearly state the names and contact information of all parties involved in the division. This may include the divorcing spouses, attorneys, or any other relevant individuals.
04
Describe the property: Provide a comprehensive description of the property, including its type (residential, commercial, etc.), size, and any unique features or characteristics.
05
Determine ownership interests: Indicate the percentage or fraction of ownership interest that each party holds in the property. This could be based on previous agreements or the laws that apply in your jurisdiction.
06
Allocate the property: Outline how the property will be divided among the parties. This can include specifying which party will retain ownership, selling the property and splitting the proceeds, or any other agreed-upon arrangement.
07
Include any financial considerations: If there are financial aspects associated with the division, such as compensatory payments or mortgage obligations, make sure to include them in the statement.
08
Sign and date the document: Once the real estate division statement is fully completed, ensure that all parties involved sign and date it. This signifies their agreement and understanding of the division.

Who needs a real estate division statement?

01
Couples going through a divorce: A real estate division statement is commonly required when a married couple decides to separate or file for divorce. It helps establish how properties will be divided between the two parties.
02
Individuals involved in a property settlement: In situations where property is co-owned by multiple individuals, such as business partners or family members, a real estate division statement may be necessary to determine how the property will be distributed among them.
03
Legal professionals: Attorneys representing clients involved in property division cases often utilize real estate division statements as part of the legal proceedings. It helps ensure a fair and transparent division of assets.
Remember, it is always advisable to consult with a legal professional or seek expert advice specific to your situation when dealing with real estate division statements.
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The real estate division statement is a document that details the division of property and assets among co-owners, typically in the case of a divorce or inheritance.
Any individual or entity involved in the division of real estate property must file a real estate division statement.
The real estate division statement can be filled out by providing details of the co-owners, the property being divided, and the agreed upon division of assets.
The purpose of the real estate division statement is to document the fair and equitable distribution of property among co-owners.
The real estate division statement must include information such as the names of the co-owners, description of the property, and the division of assets.
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