560.5  Tenants in common.

Should the owner of the land fail to pay for the improvements and the occupying claimant fail to pay for the land within the time fixed by the court as provided in section 560.4, the parties shall be held to be tenants in common of all the real estate including the improvements, each holding an undivided interest proportionate to the values ascertained on the trial.

Section History: Early form

  [C51, § 1236--1238; R60, § 2267; C73, § 1979--1981; C97, § 2966; C24, 27, 31, 35, 39, § 10132; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 560.5]


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