Valley Village Partition Lawyer

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:

  • 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.
  • Can a Trust File a Partition? Yes, a trust can file a partition action as the co-owner of real property in California.
  • How much does a partition action cost? The cost of a partition action can vary widely depending on the complexity of the case. A typical partition action usually costs between $5,000 and $12,000, with about $8,000 being the most common cost. However, difficulty locating a defendant, the motion to appoint a partition referee, delay tactics by defendants, and other issues may raise the cost of your partition action. An experienced partition lawyer can mitigate costs and resolve your co-ownership dispute with maximum efficiency.
  • 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.

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

Our Valley Village Partition Attorneys Know Los Angeles County

Valley Village is a neighborhood in the San Fernando Valley region of Los Angeles, California. It is bordered by Studio City to the east, North Hollywood to the north, Sherman Oaks to the west, and the Los Angeles neighborhood of Northridge to the south. Valley Village is a primarily residential area, with a population of about 20,000 people. The area is known for its quiet, tree-lined streets and its proximity to major studios such as Universal, Warner Bros., and Disney. Valley Village is also home to a variety of restaurants, shops, and entertainment venues. The neighborhood is served by the Los Angeles Unified School District, and is home to several public and private schools.

Valley Village was originally part of the Rancho Providencia land grant, which was given to Francisco Lopez in 1845. The area was later subdivided and sold off in the 1920s. The area was initially known as North Hollywood, but in 1939, the area was renamed Valley Village. The area was primarily agricultural until the 1950s, when it began to be developed into a residential neighborhood. The area experienced a population boom in the 1970s and 1980s, and today it is a vibrant and diverse community.

Koefoed v. Camejo – Partition Action Case Study

In the legal case of Koefoed v. Camejo, 2007 WL 2165372, B188429 (30-Jul-2007), the issue of partition was at the center of the dispute. The case involved a dispute between two co-owners of a property in California. The plaintiff, Koefoed, sought to partition the property, while the defendant, Camejo, opposed the partition. The court found that the parties had an implied agreement to partition the property, and that the plaintiff was entitled to a partition of the property. The court also found that the defendant had failed to provide sufficient evidence to support his claim that the partition would be detrimental to the value of the property. The court ultimately ordered the partition of the property, and the parties were required to divide the property in accordance with the court’s order.

Contact an Experienced Partition Attorney in Valley Village, 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 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 (818) 900-7700 or fill out a contact form online.

Contact us Today for a Free Consultation with a Partition Attorney in Valley Village, California