As used in this subpart, the term:
- “Ascendant” means an individual who precedes another individual in lineage in a direct line of ascent from the other individual.
- “Broker” means any individual or entity issued a broker’s real estate license by the Georgia Real Estate Commission pursuant to Chapter 40 of Title 43. Such term shall include the broker’s affiliated licensees.
- “Collateral” means an individual who is related to another individual under the law of intestate succession of this state but who is not the other individual’s ascendant or descendant.
- “Descendant” means an individual who follows another individual in lineage in a direct line of descent from the other individual.
- “Heirs property” means real property held in tenancy in common which satisfies all of the following requirements on the date of the filing of a partition action:
- There is no agreement in a record binding all the cotenants which governs the partition of the property;
- One or more of the cotenants acquired title from a relative, whether living or deceased; and
- Any of the following applies:
- Twenty percent or more of the interests are held by cotenants who are relatives;
- Twenty percent or more of the interests are held by an individual who acquired title from a relative, whether living or deceased; or
- Twenty percent or more of the cotenants are relatives.
- “Partition by sale” means a court ordered sale of the entire heirs property, whether by public sale, sealed bids, or open-market sale conducted under Code Section 44-6-187.
- “Partition in kind” means the division of heirs property into physically distinct and separately titled parcels.
- “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
- “Relative” means an ascendant, descendant, or collateral or an individual otherwise related to another individual by blood, marriage, adoption, or law of this state other than this subpart.
History. Code 1981, § 44-6-180 , enacted by Ga. L. 2012, p. 97, § 2/HB 744.
Law reviews.
For article, “A Primer on Heirs Property and Georgia’s New Uniform Partition of Heirs Property Act: Protecting Owners of Heirs Property,” see 19 G. St. B.J. 16 (Oct. 2013).