Eatontown, NJ Partition Action Lawyers

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Do you have a real estate dispute stemming from a divorce, a loved one’s estate, or being in business with someone who you no longer want to do business with? There are times when co-owners can come to a fair agreement on dividing real estate, but there are also situations where the court must step in and make a decision through a partition action. Our Eatontown partition lawyers are dedicated to helping you protect your property rights. We are here to assist you in a partition action, ensuring that you receive your rightful share, or to defend against a partition action if someone is attempting to sell co-owned property. Contact the Law Offices of Patel and Cardenas today for a free consultation.

Eatontown Partition Lawyers

When Does A Partition Make Sense?

When co-owners of real estate disagree on how to manage or sell the property, a partition action can be initiated. This legal process involves one co-owner filing a petition with the court to order a sale or division of the property. Some common situations that require a partition action include:

Property Disputes: When two people who jointly own a property cannot decide how to divide a piece of property, how it should be used, or how it should be maintained, it may lead to a partition action.

Inheritance Disputes: A partition action can be used if there are multiple heirs who inherit a property and are unable to reach an agreement on how the inherited property should be divided and/or sold.

Business Disputes: A partition action may also be used when co-owners of property, such as a business or real estate venture, decide to terminate their ownership interests. Sometimes, owners may want to end the partnership because of a disagreement, or the partnership contract may not include a clause that spells out how to settle disagreements or divide the assets or properties.

Common Issues In Partition Cases

Dividing jointly held property among co-owners is not without its challenges. Your problems may be unique, but they are likely similar to one of these common issues:

  • Property Valuation – Co-owners might find themselves at odds over what exactly is a property’s fair market value—a determination that is often very subjective, and so might require one or more appraisals and/or expert opinions to identify.
  • Asset Division – How the property will be divided among the co-owners is a common problem in co-ownership disputes because their priorities and interests can differ greatly. It is typical to experience strong opposition to a decision, which necessitates negotiation in order to come to a compromise that pleases everyone.
  • Legal Issues: Any unresolved legal issues, such as title disputes or unpaid liens or judgments affecting the property, should be brought up and resolved in order to prevent any trouble or litigation down the road.
  • Emotional Attachment: Co-owners are often sentimentally attached to the property, which complicates agreement on the sale option. When a parent dies and leaves a house to their children, one of them might be reluctant to sell, feeling some attachment to the house and not wanting to sell it yet. Taking account of the emotional aspects, along with the legal and economic aspects, is often tough to do.

Our Eatontown partition lawyers can help you work to get past these problems and strive to reach your ideal resolution!

How The Law Offices Of Patel & Cardenas Can Help You

At the Law Offices of Patel & Cardenas, our goal is to help you understand your legal options clearly and to help you resolve your property dispute favorably. In addition to offering insightful legal counsel on a wide range of litigation concerns, our firm has significant experience representing clients in a variety of partition action cases. We can assist you with seeking the outcome that best reflects your goals, whether they are primarily driven by financial considerations, emotional considerations, or a combination of the two. Please contact us to find out more about our firm and the ways in which we can help you. Schedule a free consultation with us to discuss your case and your legal options.

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Eatontown, NJ Practice Areas

Very pleased with the level of care and attention in dealing with this law firm. They were always quick to respond and patient with a very impatient first time home buyer! Robert Ranalli was my attorney and I would recommend for any legal needs.

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I had the pleasure of working with Veer Patel and staff for several months and could not have been more pleased with the attention, care, and professionalism of everyone at the firm. Really good experience and would definitely recommend!

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