§ 873.920.Included In Agreement
Title 10.5. Partition of Real and Personal Property · Chapter 7. Partition by Appraisal · Enacted 1976 · no amendments on record · Last verified July 28, 2026
Full Text of § 873.920
Plain-English Summary
Once parties decide to try partition by appraisal under § 873.910, this section tells them what their agreement has to say. It has to be in writing and filed with the clerk, and it must describe the property, name every party and each one's interest, and identify which parties are willing to acquire the others' interests.
The agreement also names the referee or referees the parties consent to have appointed, and sets the date or dates as of which the acquired interests will be appraised. Getting the referee named up front, and agreed to by the parties themselves, is part of what makes this route faster and less adversarial than a contested division or sale.
Subdivision (f) leaves plenty of room for the parties to customize the deal — an abandonment clause if the appraised value comes in above a stated ceiling, required deposits toward the purchase price, credit terms, how title objections get handled, and who pays the expenses of the appraisal process and the costs of the action.
Frequently Asked Questions
What must a partition-by-appraisal agreement include?
A description of the property, the parties' names and interests, which parties are willing to acquire the others' interests, the referee or referees the parties consent to, and the appraisal date or dates, along with any other agreed terms.
Does the agreement have to be filed with the court?
Yes. Section 873.920 requires it to be in writing and filed with the clerk of court.
Can the agreement let a party back out if the appraisal comes in high?
Yes. Subdivision (f) lets the parties include an abandonment provision tied to a stated appraised-value ceiling, among other customized terms.
Who picks the appraisal date?
The parties do, as part of the written agreement itself.
Amendment History
Added by Stats. 1976, Ch. 73.