Del Rey Oaks Partition Lawyer

Partition Action Attorneys in Del Rey Oaks

Del Rey Oaks is a small city located in Monterey County, California. It is situated on the Monterey Peninsula, just south of the city of Monterey and north of the city of Seaside. The city has a population of approximately 1,600 people and covers an area of 0.8 square miles. Del Rey Oaks is known for its beautiful views of the Monterey Bay and its close proximity to the Monterey Bay Aquarium. The city is also home to a variety of recreational activities, including golfing, hiking, biking, and kayaking. Del Rey Oaks is a great place to live, work, and play.

Talkov Law’s attorneys serving Monterey County are exceptionally experienced in California partition actions and have conducted over 370 successful partitions for our satisfied clients. 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 are the potential outcomes of a partition action? The most likely outcome in a partition action is that the plaintiff receives fair value for their interest in the property either through a sale to a third party or to the defendant. In rare cases, a property can be divided, through this is not applicable to single family residences with no surplus land.
• What are the different types of partition in California? Almost all partition actions are partition by sale, though partition in-kind allows the property to be divided, while a partition by appraisal allows the purchase by one-co-owner at an appraised value.
• How does a partition action work in California?
• 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 costs associated with a partition action? The costs of a partition action generally involve the attorney’s fees, and court costs, but can involve referee fees and broker’s fees if the property is sold.