Co-Ownership Disputes
Our team of partition attorneys in Los Angeles can assist co-owners with frequently asked questions about partitions, such as:
- What is recoverable in a partition action? “In a suit for partition it is a general rule that all equities and conflicting claims existing between the parties and arising out of their relation to the property to be partitioned may be adjusted.” Demetris v. Demetris (1954) 125 Cal. App. 2d 440. This means that co-owners can assert offsets or recover payments of the mortgage, taxes, insurance, repairs and improvements in excess of their fractional interests.
- What is the timeline for a California partition action? Most partition actions are resolved in 3 to 6 months by way of settlement. Other cases can take 6 to 12 months to obtain an interlocutory judgment of partition, which generally appoints a referee to sell the property.
- How does a partition action work in California?
- What are the steps involved in a partition action in California? The first step is to file a partition complaint in California, which is followed by a request for the court to enter an interlocutory judgment of partition, thereby appointing a partition referee under the partition statutes.
- 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 West Los Angeles Partition Attorneys Know Los Angeles County
Westside Los Angeles is an area of Los Angeles, California, located west of Downtown Los Angeles. It is home to some of the most affluent neighborhoods in the city, including Beverly Hills, Bel Air, Brentwood, Westwood, and Pacific Palisades. The area is known for its high-end shopping, dining, and entertainment, as well as its many cultural attractions. It is also home to some of the most prestigious universities in the country, including UCLA, USC, and Pepperdine. Westside Los Angeles is a popular destination for tourists and locals alike, offering a variety of activities and attractions for all ages.
Jamison v. Jamison – Partition Action Case Study
In the legal case of Jamison v. Jamison, 2004 WL 2827711, F043236 (9-Dec-2004), the partition issues revolved around the division of a family-owned ranch. The ranch had been owned by the Jamison family for generations, and the dispute arose when the two siblings, Robert and Mary, disagreed on how to divide the property. Robert wanted to divide the ranch into two separate parcels, while Mary wanted to keep the ranch intact. The court ultimately ruled in favor of Robert, ordering the ranch to be divided into two separate parcels. The court also ordered that Mary be given the right to purchase Robert’s portion of the ranch at fair market value.
Contact an Experienced Partition Attorney in West Los Angeles, 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 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.
