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 is a city located in Los Angeles County, California. It was incorporated in 1954 and is one of the oldest cities in the county. The area was originally inhabited by the Tongva people, who were later displaced by Spanish settlers in the late 1700s. The area was then part of the Rancho Los Alamitos land grant, which was divided into parcels in the late 1800s. The area was then developed as a farming community, with the first subdivision being built in the 1920s. The city was officially incorporated in 1954 and has since grown to become a major suburb of Los Angeles.
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
