Malibu Co-Ownership Disputes
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- How long will it take for the plaintiff to receive his or her share of the sales proceeds? Usually, the property is marketed for sale or purchased by the defendant in 3 to 6 months. If a referee is appointed, that may take 6 to 9 months. With proper drafting of an interlocutory judgment of partition by sale, the referee can be required to disburse the proceeds promptly at the close of escrow or shortly thereafter.
- Are there ways to make my partition action less expensive? There are numerous ways to obtain a less expensive partition action in California. For example, having your documents organized can ensure you don’t have to pay your attorney to go through a disorganized mess to get the information they need.
- 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.
- When is a partition action right for my dispute? Generally, parties who can reach their own resolution of a co-ownership dispute are not reading websites about partition law. If you are reading this article, chances are that your co-ownership dispute has reached a level where legal options are being considered. Filing a partition action will bring about a certain result to the co-ownership dispute, rather than letting it linger for years on end. However, if the parties are very close to a settlement, it may be wise to consider a resolution.
- How does a partition action work in California?
Our Malibu Partition Attorneys Know Los Angeles County
Malibu is a beach city located in Los Angeles County, California. It is known for its Mediterranean climate, its 21 miles of coastline, and its celebrity residents. Malibu is home to some of the most beautiful beaches in the world, including Zuma Beach, Surfrider Beach, and El Matador State Beach. It is also home to many upscale restaurants, shopping centers, and entertainment venues. Malibu is a popular destination for tourists and locals alike, offering a variety of activities such as surfing, swimming, hiking, and horseback riding.
Malibu, California is known for its stunning ocean views, beautiful beaches, and luxurious lifestyle. The types of real estate in Malibu range from beachfront homes, ocean view condos, and hillside estates to ranch-style homes, townhomes, and multi-family dwellings. Beachfront homes are the most sought-after and expensive type of real estate in Malibu, with prices ranging from $2 million to over $20 million. Ocean view condos are also popular, with prices ranging from $500,000 to $2 million. Hillside estates are typically large homes with expansive views of the ocean and can range from $2 million to over $20 million. Ranch-style homes are more affordable and range from $500,000 to $2 million. Townhomes are also popular and range from $500,000 to $2 million. Multi-family dwellings are the least expensive type of real estate in Malibu, with prices ranging from $500,000 to $1 million.
Kraft v. Krausch – Partition Action Case Study
In the legal case of Kraft v. Krausch, 2003 WL 22430209, C043271 (27-Oct-2003) , is a legal case involving a dispute over the partition of a parcel of real property. The dispute arose when the parties, Kraft and Krausch, were unable to agree on the terms of a partition agreement. Kraft argued that the parcel should be divided into two equal parts, while Krausch argued that the parcel should be divided into three parts, with two parts going to Kraft and one part going to Krausch. The court ultimately ruled in favor of Kraft, finding that the parcel should be divided into two equal parts. The court also found that Krausch was not entitled to any additional compensation for his share of the parcel. The case highlights the importance of parties coming to an agreement on the terms of a partition agreement before taking the matter to court.
Contact an Experienced Partition Attorney in Malibu, 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 Malibu 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 (310) 496-3300 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Malibu, California
Our partition attorneys in Malibu also serve Santa Monica, Pacific Palisades, Topanga, Calabasas, Agoura Hills, and Westlake Village
