Partition Actions in Beverly Hills
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.
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.
Experienced Real Estate Partition Action 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:
- Can a partition action be filed for both real property and personal property in California? Yes, all co-owned real and personal property can be partitioned under California law. Cal. Civ. Proc. Code § 872.020.
- 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.
- How long does a partition action take in California?” Most partition actions are complete in 3 to 6 months because most cases settle in either a buyout or agreed sale. However, some cases can drag on for 6 to 12 months.
- 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.
- Do I need to go to court to win a partition action? While the partition action must be filed with the court, partition actions rarely involve a trial in which the co-owners appear at court. This means it is extremely unlikely that you will need to step foot in a courtroom. Most partition work is done by motion practice involving tentative rulings with little interaction between the court and the attorneys, let alone the co-owners.
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.
10880 Wilshire Blvd Ste 1101
Los Angeles, CA 90024
Phone: (310) 496-3300