Lakewood Co-Ownership Disputes
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- Are there methods to resolve a partition situation without a court-ordered sale? The vast majority of partitions are solved without a court-ordered sale. Many times, the defendant will buy out the plaintiff’s interest. Other times, the parties will agree to a voluntary sale on the open market. However, the filing of the partition action is generally what forces the defendant to see the wisdom of settlement. Under California’s Partition of Real Property Act, a defendant can buy out the interest of the plaintiff at an appraised value, meaning that a court-ordered sale is only likely occur where the defendant simply can’t afford to buy the property but still won’t agree to sell.
- 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.
- 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.
- 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.
- How does a partition action work in California?
Our Lakewood Partition Attorneys Know Los Angeles County
Lakewood is a city located in Los Angeles County, California. It is bordered by Long Beach to the west, Bellflower to the north, Cerritos to the east, and Cypress to the south. The city is known for its diverse population and vibrant culture. The city is home to many parks, shopping centers, and recreational facilities, making it a great place to live and visit. Lakewood is also home to many restaurants, bars, and entertainment venues, making it a popular destination for locals and visitors alike.
Lakewood, California is a city located in Los Angeles County. It is known for its diverse housing options, ranging from single-family homes to townhomes and condominiums. The city is also home to a variety of commercial and industrial properties, including office buildings, retail centers, and industrial parks. Single-family homes are the most common type of real estate in Lakewood. These homes range from small starter homes to large luxury homes. Many of these homes are located in established neighborhoods, offering easy access to schools, parks, and other amenities. Townhomes and condominiums are also popular in Lakewood. These properties offer a more affordable option for those looking to purchase a home in the area. Townhomes and condominiums are typically located in newer developments, offering modern amenities and features. Commercial and industrial properties are also available in Lakewood. These properties include office buildings, retail centers, and industrial parks. These properties are typically located in more established areas, offering easy access to major highways and other transportation options.
Jacquemart v. Jacquemart – Partition Action Case Study
In the legal case of Jacquemart v. Jacquemart, 142 Cal.App.2d 794 (1956), the issue of partition was at the center of the dispute. The case involved a dispute between two siblings over the partition of their father’s estate. The siblings had inherited the estate upon their father’s death, and the court was tasked with determining how to divide the estate between them. The court ultimately determined that the estate should be divided into two equal parts, with each sibling receiving one half. The court also determined that the siblings should be allowed to choose which half of the estate they would receive. This decision was based on the fact that the siblings had different needs and interests, and thus it would be unfair to force them to accept a partition that did not take into account their individual needs and interests.
Contact an Experienced Partition Attorney in Lakewood, 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 Lakewood 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 an 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 Lakewood, California
Our partition attorneys in Lakewood also serve Long Beach, Cerritos, Bellflower, Downey, Norwalk, Paramount, and Signal Hill
