Legal Definitions - perparts

The term perparts is an older or less common spelling of purpart. It refers to a distinct share or portion of property, typically land, that has been divided among co-owners or heirs. Essentially, it is the individual part that each person receives after a larger estate or property has been legally partitioned.

• Example 1: Inherited Farmland

  Three siblings inherit a large family farm after their parents pass away. Instead of selling the entire property, they decide to legally divide the land into three separate, equally valuable parcels so each can manage their own section independently. Each sibling's individual parcel of land, once the division is complete, represents their perparts of the original farm.

• Example 2: Dissolving a Real Estate Partnership

  Two business partners jointly own a portfolio of commercial rental properties. When they decide to dissolve their partnership, they agree to divide the properties rather than sell them all. After a legal process, Partner A takes full ownership of the office building and the retail plaza, while Partner B takes full ownership of the warehouse and the apartment complex. The specific properties assigned to Partner A constitute their perparts, and similarly, the properties assigned to Partner B are their perparts from the former joint portfolio.

• Example 3: Dividing a Jointly Owned Estate

  A group of distant relatives jointly owns a large, undeveloped tract of land that has been in their family for generations. They decide it's time to develop or sell their individual portions. Through a court-ordered partition action, the large tract is surveyed and legally subdivided into several smaller, distinct plots, with each relative receiving clear title to one of these plots. Each individual plot of land that a relative now exclusively owns is their perparts of the original undivided estate.