Understanding Co-Ownership in Los Angeles County
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- How do I file a partition action? Partition actions must be filed in the county where some or all of the co-owned real property is located by way of a partition complaint. While filing the complaint is relatively easy, reaching the end of the partition as quickly and efficiently as possible requires the skill of an experienced partition attorney.
- Who can file a partition action in California? Generally, any co-owner of real property can file a partition action.
- 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.
- 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.
- How to force the sale of jointly owned property? A partition action is the only statutory method to ensure the end of the co-ownership dispute.
Our Lynwood Partition Attorneys Know Los Angeles County
Lynwood is a city located in Los Angeles County, California. It is located in the Gateway Cities region of southeastern Los Angeles County, just south of the city of Compton. Lynwood is a predominantly Latino city with a population that is over 90% Hispanic. The city is known for its low crime rate and its proximity to Los Angeles International Airport, the Port of Los Angeles, and the Long Beach Airport. The city is also home to several parks, including Lynwood Park, which features a playground, basketball courts, and a skate park.
Lynwood, California is a city located in Los Angeles County. It was founded in 1921 by Charles B. Hopper, who named it after his wife, Lynn Wood Hopper. The city was incorporated in 1959 and has since grown to a population of over 70,000. The city is known for its diverse population, with over 80% of its residents being of Hispanic or Latino origin. It is also home to the Lynwood Unified School District, which serves over 20,000 students. The city is also home to the Lynwood Marketplace, a shopping center that features a variety of stores and restaurants.
Lacoste v. Eastland – Partition Action Case Study
In the legal case of Lacoste v. Eastland, 117 Cal. 673 (1897), the issue of partition was at the center of the dispute. The case involved two parties, Lacoste and Eastland, who had inherited a piece of property from their father. The property was divided into two parts, with Lacoste owning the northern portion and Eastland owning the southern portion. The dispute arose when Eastland attempted to partition the property, which would have resulted in Lacoste losing his portion of the property. Lacoste argued that the partition was invalid because it was not done in accordance with the law. The court ultimately ruled in favor of Lacoste, finding that the partition was invalid and that Lacoste was entitled to retain his portion of the property. The case serves as an important reminder of the importance of following the law when it comes to partitioning property.
Contact an Experienced Partition Attorney in Lynwood, 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 Lynwood 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 Lynwood, California
Our partition attorneys in Lynwood also serve Compton, South Gate, Paramount, Downey, Bell Gardens, Huntington Park, and Watts
