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of <h1>Owelty payments equalize property divisions when land cannot be split into equal shares among co-owners</h1> Owelty refers to a monetary payment made to achieve equality in property transactions. In partition cases, when land cannot be divided into exactly equal shares among co-owners, the party receiving the more valuable portion pays owelty to equalize the distribution. This compensation ensures fair division and prevents unjust enrichment. The term also applies to property exchanges where one estate is more valuable than another. Courts may order owelty payments to balance unequal shares, creating a lien on the property. The concept ensures equitable treatment in property divisions where physical equality cannot be achieved through land distribution alone.
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