Articles Posted in property owner

What Does It Mean When a Property Is Sold “As-is?” 
Underwood Law Firm, P.C.

There are several provisions in real property sale agreements that can affect a party’s legal rights. One such provision is an “as-is” provision, which is often included in contracts for the sale of real property. It is important for parties to keep on the lookout for such provisions so that they are aware of their…

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What are the tax implications when one co-owner sells to another (Rev. & Tax. Code § 62)? 
Underwood Law Firm, P.C.

There are two common ways an individual can own property: (1) as a tenant in common or (2) as a joint tenant. In California, there is a presumption that the co-owners of a piece of property are tenants in common unless the deed expressly states that the co-owners are joint tenants. In a joint tenancy,…

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What can you do when a co-owner refuses to pay taxes (CCP § 872.140)? 
Underwood Law Firm, P.C.

In every property co-owned by two or more persons, there are common costs. Common costs are those costs for the property that are common to all owners or for the common benefit of all owners. In California, cotenants are required to pay for their portion of the common costs. Therefore, cotenants must pay for their…

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What is the Legal Effect of a Lis Pendens (Civ. Code section 1214)?
Underwood Law Firm, P.C.

Lawsuits that affect interests in real property, such as partition actions, often require courts to adjudicate competing claims regarding who should have title to or possession of real property. In general, courts adjudicating such disputes follow the principle of “first in time, first in right.” Under this principle, “a conveyance recorded first generally has priority…

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What is a Trust (Boshernitsan v. Bach (2021 61 Cal.App.5th 883)?
Underwood Law Firm, P.C.

“A trust is any arrangement which exists whereby property is transferred with an intention that it be held and administered by the transferee for the benefit of another.” (Higgins v. Higgins (2017) 11 Cal.App.5th 648, 662.) Essentially, a trust is a legal relationship that allows a person to hold property for the benefit of another…

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Can One Owner Force a Sale of a House? 
Underwood Law Firm, P.C.

Generally, a co-owner of real property may commence an action in a partition. Owners of an estate of inheritance, a life estate, or an estate for years who hold such interest concurrently or in successive estates may seek to partition the property. (CCP § 872.201(a)(2).) Those with concurrent interest in the property may partition the…

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What Are the Rules for Buying Probate Property (Prob. Code § 10580)?
Underwood Law Firm, P.C.

When a person passes away and leaves behind the property, their property must first pass through the probate process before being passed down to family members and loved ones. Essentially, the probate process is a legal process that determines the execution of the estate of someone who has passed away. Moreover, during the probate process,…

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What is a Petition to Determine Distribution Rights (Prob. Code § 11705)? 
Underwood Law Firm, P.C.

For family members of a deceased loved one, the most important part of probate proceedings is the final distribution of the estate. This occurs once the estate’s debts and obligations have been satisfied, and it serves to more or less end the probate of the estate. But what if someone thinks they’re entitled to a…

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What are the steps to partition trust property?
Underwood Law Firm, P.C.

Partitions are lawsuits that split up the property between multiple co-owners so that each can take their equity out of the home. The prototypical partition is that between unmarried partners or business partners. Both own equal shares, but only one wants to end the relationship and take their money out. Partitions enable this to happen,…

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What is a Deed?
Underwood Law Firm, P.C.

A deed is a legal instrument, evidenced in writing, to confirm the ownership interest or legal rights of an owner of real property. Essentially, a deed is necessary to determine the titleholder of a piece of real estate. Moreover, a deed grants an owner of real property legal rights to convey, sell, or transfer the…

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In our need for legal services we found Eli to be well informed and on top of our case and our needs. Our's was not an ordinary case as it was a case with many facets. It was a very convoluted case. There were multiple owners involved in a property dispute where one of the owners sued the rest of...

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