Understanding Co-Ownership in Santa Barbara County
Our team of partition attorneys in Santa Barbara can assist co-owners with frequently asked questions about partitions, such as:
- What are the tax implications of a partition action? It is best to seek the advice of a tax attorney or CPA about tax issues. However, the most common tax issues in partitions, like other sales, can involve capital gains taxes and the potential partial or full reassessment of property taxes.
- When is a partition action right for my dispute? Generally, parties who can reach their own resolution of a co-ownership dispute are not reading websites about partition law. If you are reading this article, chances are that your co-ownership dispute has reached a level where legal options are being considered. Filing a partition action will bring about a certain result to the co-ownership dispute, rather than letting it linger for years on end. However, if the parties are very close to a settlement, it may be wise to consider a resolution.
- What is a partition referee? A partition referee is a neutral third party, often times a lawyer or real estate broker, who completes the sale for the co-owners under court authority. The referee is then paid for their services either on an hourly, flat fee, or commission basis, and is relieved by the court of their duties in the case.
- What is California’s Partition of Real Property Act? Effective January 1, 2023, California’s new partition law allows defendants to buy out the interests of the plaintiff at an appraised value.
- What are my partition rights for inherited property? Co-owners of inherited property generally have the absolute right to force the sale of the property through a partition action.
Our Buellton Partition Attorneys Know Santa Barbara County
Buellton is a small city located in Santa Barbara County, California. It is situated in the Santa Ynez Valley, about 8 miles north of Santa Barbara. The city is known for its wine industry, as it is home to several wineries and vineyards. It is also home to the popular tourist destination, Solvang, which is a Danish-style village. Buellton is a great place to visit for its beautiful scenery, wineries, and outdoor activities. It is also home to a variety of restaurants, shops, and other attractions.
The Los Angeles community of Buellton was founded in 1887 by William Buell, a rancher from Iowa. The town was originally called Buellton, but the name was changed to Los Angeles in 1895 when the Southern Pacific Railroad arrived. The town was a popular stop for travelers and settlers heading to the Los Angeles area. In the early 1900s, the town was home to a number of businesses, including a hotel, a general store, a blacksmith shop, and a saloon. The town also had a school, a post office, and a church. In the 1920s, the town began to grow as more people moved to the area. The population peaked in the 1950s, when the town had over 1,000 residents. Today, Buellton is a small, rural community with a population of about 1,500. It is known for its wineries, its annual Buellton Days celebration, and its proximity to the Santa Ynez Valley.
Dilonell v. Chandler – Partition Action Case Study
In the legal case of Dilonell v. Chandler, 2022 WL 854908, B310695 (23-Mar-2022) , the issue of partition was at the center of the dispute. The parties had entered into a contract for the sale of real property, and the contract provided for the partition of the property into two separate parcels. The plaintiff, Dilonell, alleged that the defendant, Chandler, had failed to comply with the terms of the contract and had refused to partition the property. The court found that the contract was valid and enforceable, and that Chandler had breached the contract by failing to partition the property. The court ordered Chandler to partition the property in accordance with the terms of the contract.
Contact an Experienced Partition Attorney in Buellton, California
If you want to end your co-ownership relationship, but your co-owner refuses, a partition action is your only option. Our experienced partition lawyers serving Buellton have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Santa Barbara County property. For a free, 15-minute consultation with an experienced partition attorney at Partition Lawyer California, call (805) 880-8800 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Buellton, California
Our partition attorneys in Buellton also serve Solvang, Los Olivos, Santa Ynez, Lompoc, and Santa Barbara
