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Before a partition auction, it is often worthwhile to examine alternative financing models, such as debt restructuring, a sale with a delayed leaseback arrangement, or installment payments to the departing partner.
A current, independent valuation report is particularly important in this situation to create realistic negotiating room for the bank and the former partner.
A partition auction (Teilungsversteigerung) should be avoided if possible, as the proceeds achieved are typically significantly below the regular market value, causing financial harm to both parties.
A temporary rental of the property while continuing the joint financing can also be a practicable interim solution in some situations until a final arrangement is reached.
In any case, a written agreement on the ongoing bearing of costs is important in order to avoid later disputes over interest and principal payments.