2A:65-4.Ā  Waste between parceners, tenants in common or joint tenants; procedure
When 2 or more persons hold property in common, as tenants in common or joint tenants, and 1 or more of them commit waste, action shall lie against theĀ  person or persons committing the waste.Ā  After judgment in such action, theĀ  defendant may elect either to have the common property partitioned or to giveĀ  such security as the court shall deem sufficient, not to commit any furtherĀ  waste.Ā  If the defendant shall elect to have the property partitioned, the partĀ  assigned to him shall include that portion of the property wasted.Ā  IfĀ  defendant does not elect to have the property partitioned or if the wasteĀ  exceeds the value of his share of the property, the plaintiff shall recoverĀ  damages therefor against such defendant.
Ā 
L.1951 (1st SS), c.344.