Partition Actions in Industry
The City of Industry is a small, industrial city located in the San Gabriel Valley of Los Angeles County, California. It is home to over 2,500 businesses and is one of the most important industrial centers in the region. The city is known for its low taxes, minimal regulations, and business-friendly environment. It is home to many large companies, including Mattel, Frito-Lay, and Nestle. The city is also home to the Puente Hills Mall, one of the largest shopping centers in the region. The city is served by the Industry/La Puente Metrolink station, which provides access to downtown Los Angeles and other nearby cities.
According to Zillow, the median home value in Industry, Los Angeles County, California is $541,400 as of 2021. The population of the California area of Industry is approximately 1,212,000 people.
Experienced Real Estate Partition Action Attorneys Serving Industry
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 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.
- In a partition action, can I be reimbursed for paying more than my fair share of the down payment? Yes, partition actions allow for offsets whereby one co-owner claims excess payments for mortgage, taxes, insurance, improvements, repairs and other property expenses
- How will the property be divided if a partition action is successful? In most partition actions, the property will be sold, rather than being divided. If the property is eligible for partition in-kind, the court can appoint a referee to prepare a report on dividing the property in a manner that does not damage the value of the fractional interests.
- How to force the sale of jointly owned property? A partition action is the only statutory method to ensure the end of the co-ownership dispute.
- Who can file a partition action in California? Generally, any co-owner of real property can file a partition action.
Lockard v. Hunter – Partition Action Case Study
In the legal case of Lockard v. Hunter, 2012 WL 786317, H036258 (9-Mar-2012) , the issue of partition was at the center of the dispute. The case involved a dispute between two siblings over the ownership of a family home. The siblings had inherited the home from their parents, and the siblings had agreed to partition the home, with one sibling taking the upstairs portion and the other taking the downstairs portion. However, the siblings had failed to execute a written agreement to formalize the partition, and the dispute arose when one of the siblings refused to move out of the home. The court had to determine whether the siblings had agreed to a valid partition of the home, and if so, whether the partition was enforceable. The court ultimately found that the siblings had agreed to a valid partition, and that the partition was enforceable.
Contact our Team of Experienced Partition Lawyers Serving the City of Industry 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 (626) 777-3300 or contact us online for a free consultation about your co-ownership issues.