Articles Posted in Tag: co-ownership

With California property transfers now coming through inheritance, co-ownership disputes are surging. Underwood Law Firm offers expert legal guidance to force sales, negotiate buyouts, or litigate under California partition law By Eli Underwood California's real estate market has always become very complex. It is getting more complicated every year. Property values and generational wealth...

Co-owning a house usually starts out feeling easy. Maybe it’s with a sibling, a close friend, a partner, or someone you trust. You put money in together, split the bills, and assume you’ll figure things out as you go. In the beginning, it often works. It feels practical. It feels fair. Then life changes....

When co-ownership disputes arise, parties often prefer to resolve the dispute outside of the courtroom, if possible, through buyout or other settlement agreements. In California, co-owners may modify their rights through written agreements, including their right to partition. Thus, co-ownership disputes are often resolved through buyout or settlement agreements The Right to Partition  Co-owners...

Often, the question of distributing rent earned on a co-owned property arises in the context of cotenants. Cotenants have equal rights to possess their property with their fellow cotenants. This means that no one cotenant can exclude another from the property. One cotenant can, however, assign their right of possession to a third party....

Recently, a jury in the Los Angeles Superior Court awarded what may become one of the largest judgments in a real estate case that has ever been issued. Significantly, in addition to a damage award in the billions, the Court also found that the family members were also co-owners in 17,000 apartments across California....