Partition Actions in Riverside
Riverside is a city in Southern California located in the Inland Empire region of the state. It is the county seat of Riverside County and is the 12th most populous city in California. Riverside is known for its historic downtown, the Mission Inn, and the University of California, Riverside. The city is home to a variety of attractions, including the Fox Performing Arts Center, the Riverside Metropolitan Museum, and the Riverside National Cemetery. The city is also home to a number of parks, including Fairmount Park, Mount Rubidoux, and the Santa Ana River Trail. Riverside is a great place to live, work, and play.
According to Zillow, the median home value in Riverside, California is $372,400 as of 2021. The population of the Riverside, California area is 2,521,303.
Experienced Real Estate Partition Action Attorneys Serving Riverside
Talkov Law’s attorneys serving Riverside 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:
- How does a partition action work in California?
- How to force the sale of jointly owned property? A partition action is the only statutory method to ensure the end of the co-ownership dispute.
- 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.
- 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.
- 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.
Speak to Our Riverside Partition Attorneys Today
Call our Riverside County Partition Attorneys today to end your co-ownership dispute. You don’t pay until the house is sold!
Call us at (951) 888-3300 or contact us below to schedule a free, 15-minute consultation
Bradley v. Scully – Partition Action Case Study
In the legal case of Bradley v. Scully, 255 Cal.App.2d 101 (1967), the issue was whether a partition of real property was proper. The plaintiff, Bradley, owned a parcel of real property with his brother, Scully. Bradley sought to partition the property, but Scully objected, arguing that the partition would be inequitable. The court found that the partition was proper, but that the partition should be made in such a way that the value of the property was not diminished. The court also found that the partition should be made in such a way that the interests of both parties were taken into account.
Contact our Team of Experienced Partition Lawyers Serving the City of Riverside, County of Riverside, California
Our Riverside 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 (951) 888-3300 or contact us online today.
Our partition attorneys in Riverside also serve Corona, Moreno Valley, San Bernardino, Fontana, Ontario, Rancho Cucamonga, Redlands, Temecula, Arlington, Woodcrest, Orangecrest, Canyon Crest, La Sierra, Eastside, Downtown, and Jurupa Valley
