selling 1/2 of property to tenant?

[Kevin Turano]

I own a property with two mobile homes and land free and clear, I bought it for 45k about 10 years ago .  Texas.  One of the tenants wants to purchase "his half" for 60k cash.  I cannot "divide the property" due to septic tank restriction.  Could I transfer 50 percent ownership to him in exchange for the cash?  What problems could this cause?  Please advise.

[John Underwood]

Why can't you deed half the property along with 50% ownership or a right of way for the septic tank?

I'd talk to an attorney.