Diamond Bar Partition Lawyer

Partition Actions in Diamond Bar

Diamond Bar is a city located in the eastern part of Los Angeles County, California. It is a suburban city located about 30 miles east of downtown Los Angeles. The city is named after the “diamond over a bar” branding iron registered in 1918 by ranch owner Frederick E. Lewis. The city is known for its excellent schools, low crime rate, and high quality of life. Diamond Bar is home to many parks, trails, and recreational facilities, as well as a variety of shopping and dining options. The city is also home to the Diamond Bar Golf Course, which is a popular destination for golfers.

According to Zillow, the median home value in Diamond Bar, California is $717,400. As of the 2020 United States Census, the population of Diamond Bar, California was 56,287.

Experienced Real Estate Partition Action Attorneys Serving Diamond Bar

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 awarding each co-owner a certain percentage of the property’s value. The court will then order the property to be divided according to the co-owners’ wishes. The partition statutes also provide that if the court finds that a physical division of the property is not feasible, it may order the property to be sold and the proceeds divided among the co-owners.

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

• What type of relief can be granted by the court in a partition action? A partition action generally involves the sale or division of the property, along with an accounting of offsets.
• Are there methods to resolve a partition situation without a court-ordered sale? The vast majority of partitions are solved without a court-ordered sale. Many times, the defendant will buy out the plaintiff’s interest. Other times, the parties will agree to a voluntary sale on the open market. However, the filing of the partition action is generally what forces the defendant to see the wisdom of settlement. Under California’s Partition of Real Property Act, a defendant can buy out the interest of the plaintiff at an appraised value, meaning that a court-ordered sale is only likely occur where the defendant simply can’t afford to buy the property but still won’t agree to sell.
• 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.
• Can a minority owner force the sale of a property? There is no requirement for a majority vote for partition. Rather, an co-owner of any interest in property can force the sale.
• 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.