Partition Actions in Arcadia
Arcadia is a city located in Los Angeles County, California. It is located about 13 miles northeast of downtown Los Angeles and is known for its tree-lined streets, historic homes, and beautiful parks. Arcadia is home to the Los Angeles County Arboretum and Botanic Garden, Santa Anita Park, and the Santa Anita Mall. The city is also home to many restaurants, shops, and entertainment venues. Arcadia is a great place to live, work, and play, and is a popular destination for visitors from all over the world.
According to Zillow, the median home value in Arcadia, Los Angeles County, California is $1,092,400 as of 2021. The population of Arcadia, California is 57,816.
Experienced Real Estate Partition Action Attorneys Serving Arcadia
Talkov Law’s attorneys serving Los Angeles County are exceptionally experienced in the area of California partition actions. California partition actions allows for the division of real property among co-owners. This statute provides a legal mechanism for co-owners to divide their real property into separate interests. The partition statutes allow for the court to order a partition of the property, either by physically dividing the property or by selling the property and dividing the proceeds among the co-owners. The partition statutes also provide for the court to award damages to any co-owner who has been wrongfully excluded from the property. The partition statutes also allows for the court to award attorney’s fees and costs to the prevailing party.
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 the timeline for a California partition action? Most partition actions are resolved in 3 to 6 months by way of settlement. Other cases can take 6 to 12 months to obtain an interlocutory judgment of partition, which generally appoints a referee to sell the property.
- 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.
- What are the grounds for a partition action in California? A co-owner is “entitled to partition as a matter of absolute right,” meaning “he need not assign any reason for his demand; that it is sufficient if he demands a severance; and that when grounds for a sale are duly established it may be demanded as of right. To grant it is not a mere matter of grace.” De Roulet v. Mitchel (1945) 70 Cal.App.2d 120, 123-124.
- What are my partition rights for inherited property? Co-owners of inherited property generally have the absolute right to force the sale of the property through a partition action.
Speak to Our Arcadia Partition Attorneys Today
Call our Los Angeles County Partition Attorneys today to end your co-ownership dispute. You don’t pay until the house is sold!
Call us at (626) 777-3300 or contact us below to schedule a free, 15-minute consultation
Mercola v. Chester – Partition Action Case Study
In the legal case of Mercola v. Chester, 97 Cal.App.2d 140 (1950), the issue was whether a partition of real property was proper. The plaintiff, Mercola, owned a parcel of real property with her husband, Chester. After their divorce, Mercola sought to partition the property, while Chester argued that the property was not subject to partition because it was held in joint tenancy. The court found that the property was subject to partition, as the joint tenancy had been severed by the divorce. The court also found that the partition should be made in accordance with the terms of the divorce decree, which provided for an equal division of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Arcadia, County of Los Angeles, California
Our Arcadia partition litigation attorneys will work diligently to obtain a favorable outcome on your behalf, whether by negotiation or litigation. Talkov law unlocks access to justice for co-owners by funding your case. For qualified cases, you pay no fees until we successfully partition your property by obtaining a sale on the market or to your co-owner! For a free consultation with California’s first and largest team of partition attorneys at Talkov Law, call (626) 777-3300 or contact us online today.
Talkov Law Los Angeles Office
10880 Wilshire Blvd Ste 1101
Los Angeles, CA 90024
Phone: (310) 496-3300
Our partition attorneys in Arcadia also serve Pasadena, Monrovia, Temple City, San Marino, Sierra Madre, El Monte, Rosemead, and Baldwin Park
