Partition Actions in Inglewood
Inglewood is a city located in southwestern Los Angeles County, California. It is bordered by the cities of Los Angeles and Culver City, and is home to the Los Angeles Rams and Los Angeles Chargers of the National Football League. The city is known for its vibrant music and entertainment scene, and is home to the iconic Hollywood Park Racetrack and Forum. Inglewood is also home to a number of parks, including Edward Vincent Jr. Park, which features a lake, playgrounds, and picnic areas. The city is served by the Inglewood Unified School District, which includes several elementary, middle, and high schools.
According to Zillow, the median home value in Inglewood, California is $541,400 as of 2021. As of the 2020 United States Census, the population of the city of Inglewood, California is 111,542.
Experienced Real Estate Partition Action Attorneys Serving Inglewood
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 are the steps involved in a partition action in California? The first step is to file a partition complaint in California, which is followed by a request for the court to enter an interlocutory judgment of partition, thereby appointing a partition referee under the partition statutes.
- 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.
- 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 will the court in a California partition action determine how much each co-owner will receive from the sales proceeds? Generally, each co-owner will receive their fractional interest in the proceeds of sale based on their ownership interests. However, this amount can be enhanced or diminished by partition offsets whereby one co-owner paid more than their fractional interest for property expenses.
- How does a partition action work in California?
Gerontopoulos v. Gerontopoulos – Partition Action Case Study
In the legal case of Gerontopoulos v. Gerontopoulos, 20 Cal.App.2d 261 (1937), the issue of partition was at the center of the dispute. The case involved a dispute between two brothers over the partition of a piece of real property that had been inherited from their father. The brothers had agreed to divide the property into two equal parts, but the agreement was never formalized. The court found that the brothers had an implied agreement to partition the property, and that the agreement was binding. The court also found that the brother who had possession of the property had a duty to partition the property in accordance with the agreement. The court ordered the brother to partition the property in accordance with the agreement, and to pay the other brother his share of the proceeds from the sale of the property.
Contact our Team of Experienced Partition Lawyers Serving the City of Inglewood 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