Talkov Law is one of California's preeminent law firms for partition actions.
What is a Partition Action in California?
In California law, partition action refers to a legal process where co-owners of a property, such as a house or land, seek to divide their ownership interests or sell the property and divide the proceeds. This legal action can be filed in court by any co-owner who wants to terminate their ownership rights or obtain a fair share of the property.
A partition action can be filed for different reasons, such as when co-owners have a dispute or cannot agree on how to use the property or how to manage it. In some cases, one co-owner may want to sell their share of the property but cannot do so without the consent of the other co-owners. A partition action can provide a legal means to resolve these disputes and divide the property fairly.
In a partition action, the court will appoint a referee or commissioner to determine the fair market value of the property and oversee the division or sale of the property. The court will also consider various factors, such as the co-owners' ownership interests, the physical condition of the property, and any outstanding debts or liens on the property. Overall, a partition action is a legal process designed to resolve disputes and provide a fair resolution for co-owners of a property in California.
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