Commerce Partition Lawyer

Jointly Owned Property Issues in Commerce

Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:

  • How will the court in a California partition action determine how much each co-owner will receive from the sales proceeds? Generally, each co-owner will receive their fractional interest in the proceeds of sale based on their ownership interests. However, this amount can be enhanced or diminished by partition offsets whereby one co-owner paid more than their fractional interest for property expenses.
  • What are the potential outcomes of a partition action? The most likely outcome in a partition action is that the plaintiff receives fair value for their interest in the property either through a sale to a third party or to the defendant. In rare cases, a property can be divided, through this is not applicable to single family residences with no surplus land.
  • Will the plaintiff win a California partition action? The plaintiff almost always prevails in a partition. This is because the right to partition is absolute under California law. Most partition actions result in the Defendant agreeing to sell the property or buyout the plaintiff’s interest in the property, which is generally the plaintiff’s goal.
  • Can a partition action be stopped? Generally, a partition action cannot be stopped, but a defendant may be able to buy time to seek a resolution. Eventually, however, the plaintiff can generally force the sale of the property based on the absolute right to partition.
  • 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.

Partition Attorney in Commerce, California - Los Angeles County Partition Lawyer

Our Commerce Partition Attorneys Know Los Angeles County

Commerce is a city located in Los Angeles County, California. It is located just east of downtown Los Angeles and is part of the Gateway Cities region. The city has a population of 12,823 and is known for its large industrial and commercial base. Commerce is home to the Citadel Outlets, a large outlet mall, and the Commerce Casino, one of the largest card rooms in the world. The city is also home to several parks, including the Commerce City Park and the Commerce Aquatic Center. The city is served by the Los Angeles County Sheriff’s Department and the Los Angeles County Fire Department.

The community of Commerce, located in the eastern part of Los Angeles County, was founded in 1887 by a group of settlers from the Midwest. The town was originally called “Tecula” after the nearby river, but the name was changed to Commerce in 1888. The town was incorporated in 1960 and has since grown to become a major industrial and commercial center. The city is home to the Citadel Outlets, the largest outlet mall in California, and the Commerce Casino, the largest card room in the world. The city is also home to the Commerce Industrial Park, which is home to many large companies, including Nestle, Coca-Cola, and Pepsi.

In re Marriage of LeSage – Partition Action Case Study

In the legal case of In re Marriage of LeSage, 2007 WL 4200962, B189730 (29-Nov-2007) , the issue of partition was at the center of the dispute. The parties had entered into a marital settlement agreement (MSA) that provided for the division of their community property. The MSA provided that the parties would each receive a 50% interest in the community property, but that the husband would receive a larger share of the proceeds from the sale of the property. The wife argued that the MSA was invalid because it did not provide for a partition of the community property, as required by California law. The court agreed with the wife, finding that the MSA did not provide for a partition of the community property and was therefore invalid. The court ordered the parties to enter into a partition agreement that would divide the community property in accordance with California law.

Contact an Experienced Partition Attorney in Commerce, California

If you want to end your co-ownership relationship, but your co-owner disagrees, a partition action is your only option. Our experienced partition lawyers serving Commerce have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Los Angeles County property. For a free, 15-minute consultation with experienced partition attorney at Partition Lawyer California, call (562) 600-3300 or fill out a contact form online.

Contact us Today for a Free Consultation with a Partition Attorney in Commerce, California

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