Partnership: Rights of Partners in Jointly Owned Business Properties
Practical Laws of Islam as per the teachings of Imam Khamenei
Partnership: Rights of Partners in Jointly Owned Business Properties
English:
Question #1689:
Three people jointly bought a string of business properties. One of the partners refused to agree with the other two partners to be part of any business conducted therein, to sell, or to rent them out. Is it permissible for any partner:
(a) to sell or lease his share without the permission of the other two partners?
(b) to occupy the property without the permission of the other two partners?, and
(c) to pick and choose any property for himself and leave the rest for others?
Answer #1689:
(a) It is permissible for any partner to sell his own share without any need to obtain the permission of the other partners.
(b) It is not permissible for any partner to occupy a jointly owned property unless he secures the permission of the other partners.
(c) It is not permissible for any partner to choose his own share of the jointly owned property without the permission of the other partners.
-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Partnership