Articles Posted in real estate law

How Does Accounting Work In A Partition By Division? (CCP § 873.250)
Underwood Law Firm, P.C.

When two parties jointly own property but cannot agree on its use, then the sale of the property by a “partition” action is frequently a great remedy to solve the dispute. This tool, however, is not available in all circumstances. While a “partition by sale” makes a lot of sense with regard to a single-family…

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What’s the Big Deal with the New Surplus Land Act? (Gov. Code § 54222)
Underwood Law Firm, P.C.

Everything old is new again. Or so it seems. Sometimes a new thing really is new. In this case, the question is whether the new Surplus Land Act is truly as big of a change as touted. After all, there was a Surplus Land Act before, and there’s a Surplus Land Act now. What’s the…

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What is the purpose of the Surplus Land Act? (Gov. Code § 54221)
Underwood Law Firm, P.C.

The purpose of this article is to address the goals that California’s Surplus Land Act was designed to accomplish. The article will address the prior version of the Surplus Land Act, the changes to definitions made in 2019, and provide a big-picture perspective on its aims. In 2019, the California Legislature re-made the Surplus Land…

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How does a 1031 Exchange Work in Eminent Domain? (I.R.C. § 1033)
Underwood Law Firm, P.C.

As if eminent domain is not bad enough, after you’ve gone through the process, the government wants to tax you on the land it made you sell. Savvy property owners, however, can limit their tax liabilities through the use of a 1031 exchange process. Can a property owner limit the effects of eminent domain? Internal…

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Why Don’t Business Owners Receive Compensation Offers in Eminent Domain? (Gov. Code § 7267.1)
Underwood Law Firm, P.C.

The purpose of this post is to address the process where a governmental entity makes an offer to purchase property in contemplation of the later use of the eminent domain. This post will address the rule that applies for offers prior to eminent domain, known as “pre-condemnation offers,” address specifics applicable to business, and then…

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Who is a proper party to a partition action? (CCP § 872.540)
Underwood Law Firm, P.C.

The purpose of this post is to discuss who should be part of a partition action. This post will discuss who is typically joined, note some interesting problems, and address how to properly prosecute such an action. After reviewing this article, the reader will be better able to identify who should be named as a…

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So, You Bought a House with Your Boyfriend
Underwood Law Firm, P.C.

As a millennial, we’ve faced financial challenges different from all those before us. We graduated college with more debt into the harsh job market of the Great Recession and then have had to compete during one of the hottest housing markets ever. So, many of us have had to do things differently. We’re having children…

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How Does a Partition Lawsuit Work? (CCP § 874.720)
Underwood Law Firm, P.C.

This article provides insight into how the partition process works so that you can know what to expect and hopefully navigate the process more smoothly. The typical steps for a partition lawsuit are described below. Sometimes, when you inherit real estate together with another family member, or you buy an investment with a partner, the…

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How Does Eminent Domain Work?
Underwood Law Firm, P.C.

For many of us, real estate is our most valuable asset and the thing that we rely on to provide security for retirement. It is also our passion where we can use our creativity to make our mark on the world. When we receive notice that it may be the subject of an eminent domain…

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The Problem with Partnerships
Underwood Law Firm, P.C.

At some point or another, it becomes necessary to have “the talk” and “define the relationship” within a business. While the thought of defining business roles may make some people nervous, not having a conversation is a source of even greater anxiety when the relationship involves an investment, business venture, or development project. The problem,…

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