Montecito Heights Partition Lawyer

Los Angeles Co-Ownership Disputes

Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:

  • 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.
  • What is the average cost of a partition action? The usual cost for a partition action is about $8,000 to $12,000, depending on the complexity. Some cases settle quickly after the defendant receives the partition complaint, while others can drag on longer if there are more complex issues or delay tactics by the defendant.
  • How will the property be divided if a partition action is successful? In most partition actions, the property will be sold, rather than being divided. If the property is eligible for partition in-kind, the court can appoint a referee to prepare a report on dividing the property in a manner that does not damage the value of the fractional interests.
  • 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.
  • In a partition action, can I be reimbursed for paying more than my fair share of the down payment? Yes, partition actions allow for offsets whereby one co-owner claims excess payments for mortgage, taxes, insurance, improvements, repairs and other property expenses

Partition Attorney in Los Angeles, California - Los Angeles County Partition Lawyer

Our Montecito Heights Partition Attorneys Know Los Angeles County

Montecito Heights is a neighborhood in the northeast corner of Los Angeles, California. It is bordered by the Arroyo Seco to the north, Lincoln Heights to the east, El Sereno to the south, and City Terrace to the west. The neighborhood is known for its views of the San Gabriel Mountains and its many parks and recreational areas. It is also home to the historic Ernest E. Debs Regional Park, which features a large lake, picnic areas, and a variety of trails. The neighborhood is also home to a number of schools, including the Los Angeles County High School for the Arts and the Los Angeles County High School for the Visual and Performing Arts. Montecito Heights is a diverse and vibrant community with a strong sense of community and pride.

Montecito Heights is a neighborhood in Los Angeles, California, located in the northeastern part of the city. The area was originally part of the Rancho San Rafael land grant, and was developed in the early 20th century as a residential area. The neighborhood is known for its views of the San Gabriel Mountains and its proximity to the Los Angeles River. It is also home to the historic Montecito Heights Playground, which was built in the 1930s. The area has seen a recent influx of new residents, and is now home to a diverse mix of people from all walks of life.

Belmonte v. Serwer – Partition Action Case Study

In the legal case of Belmonte v. Serwer, 2005 WL 2008483, H028063 (23-Aug-2005), the partition issue at hand was whether the trial court erred in granting a partition of the property owned by the parties. The parties had purchased the property as joint tenants, but the trial court found that the parties had intended to own the property as tenants in common. The court of appeals found that the trial court had erred in granting the partition because the parties had not agreed to own the property as tenants in common. The court of appeals held that the parties had intended to own the property as joint tenants, and thus the partition was improper. The court of appeals also found that the trial court had failed to consider the equities of the situation, and thus the partition should not have been granted.

Contact an Experienced Partition Attorney in Montecito Heights, 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 (213) 933-3300 or fill out a contact form online.

Contact us Today for a Free Consultation with a Partition Attorney in Montecito Heights, California