Understanding Co-Ownership in Sacramento County
Our team of partition attorneys in Sacramento can assist co-owners with frequently asked questions about partitions, such as:
- What are the different types of partition in California? Almost all partition actions are partition by sale, though partition in-kind allows the property to be divided, while a partition by appraisal allows the purchase by one-co-owner at an appraised value.
- What types of properties can be subject to a partition action in California? All co-owned real or personal property can be partitioned under California law. Cal. Civ. Proc. Code § 872.020.
- What is a partition referee? A partition referee is a neutral third party, often times a lawyer or real estate broker, who completes the sale for the co-owners under court authority. The referee is then paid for their services either on an hourly, flat fee, or commission basis, and is relieved by the court of their duties in the case.
- 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.
- 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.
Our Sacramento County Partition Attorneys Know Sacramento County
Sacramento County is located in the Central Valley of California, and is the state’s capital. It is the most populous county in the state, with a population of 1,505,957 as of the 2019 census. The county seat is the city of Sacramento, which is also the state capital. The county is home to a diverse population, with a mix of urban and rural areas. It is home to a variety of industries, including agriculture, technology, and government. The county is also home to a number of parks, museums, and other attractions. Sacramento County is a great place to live, work, and play.
Sacramento County, California is home to a variety of real estate types. These include single-family homes, townhomes, condominiums, multi-family homes, and land. Single-family homes are the most common type of real estate in the county, and they range from starter homes to luxury properties. Townhomes are typically two-story dwellings that are attached to other units. Condominiums are similar to townhomes, but they are individually owned and managed. Multi-family homes are larger dwellings that are typically used for rental properties. Land is also available for purchase in Sacramento County, and it can be used for residential, commercial, or industrial purposes.
American Medical International, Inc. v. Feller – Partition Action Case Study
In the legal case of American Medical International, Inc. v. Feller, 59 Cal.App.3d 1008 (1976), the issue of partition was at the center of the dispute. The case involved a dispute between two shareholders of a corporation, American Medical International, Inc. (AMI). The two shareholders, Feller and AMI, had a disagreement over the ownership of certain assets of the corporation. Feller argued that he owned a one-half interest in the assets, while AMI argued that Feller only owned a one-fourth interest. The court had to decide whether Feller was entitled to a one-half or one-fourth interest in the assets. The court held that Feller was entitled to a one-half interest in the assets. The court reasoned that the assets were held in a tenancy in common, and that Feller was entitled to a one-half interest in the assets under the law of partition. The court also held that AMI was not entitled to a one-fourth interest in the assets, as it had argued. The court reasoned that AMI had not acquired any interest in the assets, and that Feller was the sole owner of the assets. The court also held that AMI was not entitled to any compensation for its alleged contribution to the assets.
Contact an Experienced Partition Attorney in Sacramento County, 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 have years of experience ending co-ownership disputes in California and can help you unlock the equity in your Sacramento County property. For a free, 15-minute consultation with an experienced partition attorney at Partition Lawyer California, call (916) 668-3300 or fill out a contact form online.
Contact us Today for a Free Consultation with a Partition Attorney in Sacramento County, California
Our partition attorneys in Sacramento County also serve Sacramento, Elk Grove, Citrus Heights, Folsom, Rancho Cordova, Carmichael, Orangevale, Fair Oaks, Galt, Isleton, Antelope, Roseville, and North Highlands
