Partition Actions in South Pasadena
South Pasadena is a city located in Los Angeles County, California. It is a small, affluent suburb of Los Angeles, located just south of Pasadena. South Pasadena is known for its historic downtown area, which features a variety of shops, restaurants, and galleries. The city is also home to the South Pasadena Public Library, the South Pasadena Unified School District, and the South Pasadena Tournament of Roses Association. South Pasadena is a popular destination for visitors, offering a variety of outdoor activities, including hiking, biking, and golfing. The city is also home to a number of parks, including the Arroyo Seco Park and the South Pasadena Nature Park. South Pasadena is a great place to live, work, and play.
According to Zillow, the median home value in South Pasadena, California is $1,072,400 as of 2021. As of the 2020 United States Census, the population of South Pasadena, California was 25,619.
Experienced Real Estate Partition Action Attorneys Serving South Pasadena
Talkov Law’s attorneys serving Los Angeles County are exceptionally experienced in the area of California partition actions. A California partition action is a law that allows co-owners of real property to divide the property among themselves. The partition statutes provide a legal mechanism for co-owners to divide the property without having to go through the court system. The partition statutes allow co-owners to divide the property either by agreement or by court order. If the co-owners cannot agree on how to divide the property, then the court will divide the property in a way that is fair and equitable to all parties. The partition statutes also provide that any partition of the property must be in accordance with the laws of the state of California. The legal effect of the partition statutes is that it provides a legal mechanism for co-owners to divide their property without having to go through the court system.
Our team of partition attorneys 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 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.
- 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.
- 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.
- Who can file a partition action in California? Generally, any co-owner of real property can file a partition action.
Varni v. Devoto – Partition Action Case Study
In the legal case of Varni v. Devoto, 10 Cal.App. 304 (1909), the issue was whether a partition of a piece of real estate was valid. The court found that the partition was invalid because the deed of partition was not executed in accordance with the requirements of the California Code of Civil Procedure. Specifically, the deed of partition was not signed by all of the parties to the partition, and it was not acknowledged by a notary public. The court held that the deed of partition was invalid and that the parties were still jointly and severally liable for the property.
Contact our Team of Experienced Partition Lawyers Serving the City of South Pasadena 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.