Jointly Owned Property Issues in Los Angeles
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- Can you lose interest in a jointly owned home by moving out? Generally, co-owners maintain their ownership interests regardless of whether they live at the property. However, in rare cases, leaving the property for many years without paying taxes or other expenses may allow the co-owners in possession to argue that they have adversely possessed the property. Generally, these co-ownership disputes do not get easier with time, so it is important to act promptly.
- Can I be forced into selling a jointly owned house? Under California’s Partition of Real Property Act, a co-owner will have a right to buyout the property. However, absent a buy out at the appraised price, a plaintiff will likely be able to force the sale of a jointly owned house.
- 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.
- How long will it take to get the property partitioned and sold? Most commonly, 3 to 6 months is all that it takes for the defendant to agree to a sale or buyout the plaintiff’s interest in the property for a fair value. Some cases may take 6 to 12 months.
- Who can file a partition action in California? Generally, any co-owner of real property can file a partition action.
Our Holmby Hills Partition Attorneys Know Los Angeles County
Holmby Hills is an affluent neighborhood located in the Westside of Los Angeles, California. It is bordered by Beverly Hills on the east, Westwood on the south, Beverly Crest on the west, and Bel Air on the north. Holmby Hills is home to some of the most expensive and luxurious real estate in the world, with many of the homes being owned by celebrities and other high-profile individuals. The neighborhood is also home to the famous Playboy Mansion, which was once owned by Hugh Hefner. Holmby Hills is known for its quiet, peaceful atmosphere and its beautiful, tree-lined streets. It is also home to the Los Angeles Country Club, which is one of the most exclusive golf clubs in the world.
Holmby Hills is an affluent neighborhood in Los Angeles, California. It is home to some of the most expensive real estate in the world. The types of real estate in Holmby Hills include single-family homes, luxury estates, and high-end condominiums. Single-family homes in Holmby Hills range from traditional ranch-style homes to modern mansions. Luxury estates in Holmby Hills are typically large, multi-million dollar homes with expansive grounds and amenities. High-end condominiums in Holmby Hills are typically located in luxury buildings with amenities such as concierge services, fitness centers, and swimming pools.
Grossman v. King – Partition Action Case Study
In the legal case of Grossman v. King, 2013 WL 427097, C065258 (5-Feb-2013), the issue of partition was at the center of the dispute. The plaintiff, Grossman, owned a parcel of land that was divided into two lots. The defendant, King, owned the other lot. Grossman sought to partition the land, which would have resulted in the two lots being divided into four separate parcels. King opposed the partition, arguing that it would be detrimental to his property rights. The court ultimately ruled in favor of Grossman, finding that the partition was necessary to protect his property rights. The court also noted that King had failed to present any evidence that the partition would be detrimental to his property rights.
Contact an Experienced Partition Attorney in Holmby Hills, California
If you want to end your co-ownership relationship, but your co-owner won’t agree, a partition action is your only option. Our experienced partition lawyers serving Los Angeles 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 a knowledgeable partition attorney at Partition Lawyer California, call (310) 496-3300 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Holmby Hills, California
Our partition attorneys in Holmby Hills also serve Bel Air, Beverly Hills, Westwood, and Brentwood (Los Angeles)
