Experienced Partition Attorneys Serving Beverly Hills
Talkov Law’s attorneys serving Los Angeles County are exceptionally experienced in the area of California partition actions. California partition actions provide a legal mechanism for co-owners of real property to divide the property among themselves. The partition statutes allow a co-owner to file a lawsuit in court to have the property divided, either physically or by sale. The court will then order the division of the property in a way that is fair and equitable to all parties. The partition statutes also provide that any proceeds from the sale of the property must be divided among the co-owners in proportion to their respective interests in the property.
Our team of partition attorneys can assist co-owners with frequently asked questions about partitions, such as:
- What is California’s Partition of Real Property Act? Effective January 1, 2023, California’s new partition law allows defendants to buy out the interests of the plaintiff at an appraised value.
- 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.
- What to expect in a California partition action? Partition actions necessarily resolve the conflict between co-owners through an expedited statutory process. A capable partition attorney will assist in expediting the process and producing the most favorable outcome.
- Can I still file a partition if my co-owner has filed for bankruptcy? Yes, the partition action can generally be filed in the bankruptcy court or the bankruptcy court can apply state partition law to allow offsets when the co-owned property is sold by the bankruptcy trustee.
- 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.
Speak to Our Beverly Hills Partition Attorneys Today
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Partition Actions in Beverly Hills
Partitions are quite common in Beverly Hills. According to Zillow, the median home value in Beverly Hills, Los Angeles County, California is $3,890,000 as of 2021. As of the 2020 United States Census, the population of Beverly Hills, California was 34,109.
Beverly Hills is a city located in Los Angeles County, California, United States. It is home to many celebrities, luxury shopping, and upscale restaurants. It is known for its beautiful homes, lush gardens, and tree-lined streets. Beverly Hills is also home to the famous Rodeo Drive, a shopping district filled with designer stores and high-end boutiques. The city is also home to many museums, galleries, and other cultural attractions. Beverly Hills is a popular tourist destination and is known for its luxurious lifestyle.
Schmidt v. Etter – Partition Action Case Study
In the legal case of Schmidt v. Etter, Not Reported in Cal.Rptr.2d (2002), the court was tasked with determining the validity of a partition agreement between two parties. The agreement stated that the parties would divide a parcel of land into two separate parcels, with each party receiving one parcel. The court found that the agreement was invalid because it did not provide for a method of partitioning the land. The court also found that the agreement did not provide for a method of determining the value of the land, nor did it provide for a method of determining the costs associated with the partition. Additionally, the court found that the agreement did not provide for a method of determining the rights and obligations of the parties with respect to the partition. As a result, the court found that the agreement was invalid and unenforceable.
Contact our Team of Experienced Partition Lawyers Serving the City of Beverly Hills in the County of Los Angeles, California.
Our partition litigation attorneys will work diligently to obtain a favorable outcome on your behalf, whether by negotiation or litigation. Call the experienced real estate partition attorneys at Talkov Law at (310) 496-3300 or contact us online for a free consultation about your co-ownership issues.
Our partition attorneys in Beverly Hills, California serve Los Angeles County and surrounding areas including West Hollywood, Bel Air, Brentwood, Santa Monica, Culver City.