Inequity In Equity: The Tragedy of Tenancy in Common for Heirs' Property Onwers Facing Partition in Equity
This article considers the impact of the default intestacy estate of tenancy in common on African American heirs’ property. This piece considers the evolution of the heirs' property conundrum in the Lowcountry of South Carolina – the birthplace of the dream of African-American land ownership – and explores the implications of this form of property ownership on tenants in common facing partition in courts of equity, particularly in developing Sunbelt communities. Comprehensive property law reform is critically needed. I propose a new legal framework to better regulate the externalities that plague the commons of heirs’ property and achieve more equitable results in actions to partition heirs’ property. Specifically, courts of equity should take affirmative steps to better manage the economics of partition actions so that external costs are appropriately assessed and valuations accurately compensate partitioning co-tenants who hold fractionated interests. These steps would ameliorate the distorted economics that make partition actions so attractive to developers who benefit from the exploitation of heirs’ property. In addition, I consider a recent line of state supreme court cases that utilized alternative partition remedies to preserve sentimental and historic family homesteads. These cases offer a sound legal theory that can and should be applied in the heirs’ property context. Finally, I offer concrete legislative reform proposals that will enable legislators and judges to provide more equitable consideration of partition actions, thereby preserving the historic land legacy of African Americans.
Faith R. Rivers. 2007. "Inequity In Equity: The Tragedy of Tenancy in Common for Heirs' Property Onwers Facing Partition in Equity" ExpressO
Available at: http://works.bepress.com/faith_rivers/2