Talkov Law is one of California’s preeminent law firms for partition actions.
What is a partition action?
In California law, a partition action refers to a legal process where co-owners of a property, such as real estate, can seek a court order to divide the property among themselves. This can occur when the co-owners are unable to agree on how to use or dispose of the property, or when one co-owner wants to sell their share but the others are unwilling or unable to buy them out.A partition action allows the court to determine the fair market value of the property and divide it according to each co-owner's share of ownership. The court may order a physical division of the property if feasible, or a sale of the property with the proceeds being divided among the co-owners based on their respective ownership interests.Partition actions can be complex and involve legal disputes and negotiations, so it is recommended that anyone considering such an action consult with an experienced real estate attorney.
The attorneys at Talkov Law work hard to educate the public on legal developments, including California's recently updated homestead exemption and California partition actions.