2020’s New California Real Estate Laws
by Admin
Posted on 07-06-2024 04:26 PM
What is a partition action
as california real estate prices continue to grow at record paces to unprecedented highs, properties that 5-10 years ago had little or no equity, now have significant amounts of equity. Unfortunately, as real estate values rise, more frequent disputes arise between co-owners of property. The most common dispute between co-owners is whether or how to sell the property. Most commonly seen is the situation where one of the property owners wants to sell the property, while one of the other owners refuses to sell. In california, there is a relatively simple legal procedure known as a partition action where the owner that wants to sell the property can obtain a court order:.
0 elective hours 0 mandatory hours in the time since the publication of the ninth edition of california real estate law, many significant changes have been made in california real estate property law. Covid-19, forced isolation, closure of businesses by order of the government, wildfires, and decreased state income have all caused significant changes in the law. All the changes to this book are detailed later in this preface. Additional material has been added as supplemental readings for those who want more coverage. This revision has many sample forms to supplement the readings. Upon purchase, you will have access to this title for 365 days.
California’s 2019 Real Estate Laws
Step 1: Figure out who will be the estate representative.
The first thing is to figure out who will be the representative of the estate. If there is a will, the representative is the executor named in the will. If there is no will, it depends whether the case needs to go to probate court or not. If the estate is small or the estate can pass to other people through simplified procedures informally, then a close relative, often the person who will inherit most of what is left behind can be the informal estate representative. If the case has to go through a formal probate court case, then the court appoints an administrator to be the estate representative.