40 acres of Ag land for sale by way of co-ownership. It is like a condo without fees. The title can not be split. Each person gets percentage of title that is equivalent to number of acres that they have. There is co-ownership agreement where it is defined what portion of the property each person owns. We have also agreement what can be done with the property and on the property to ensure peaceful enjoyment of each of owners. In case of sale, other co-owners have right of first refusal; it is part of co-ownership agreement. New co-owner must sign co-ownership agreement to ensure continuation of applicable rules, rights and obligations. You can build a cabin or put on a recreation vehicle.