Newport Beach Partition Lawyers
Newport Beach is a coastal city in southern California located in Orange County, with Los Angeles to the north and San Diego to the south. As a rapidly growing community that hosts millions of tourists a year, multiple parties often own Newport Beach parcels of property, and find themselves needing a partition action. In these situations, sometimes joint owners cannot agree on the following function of their shared real estate. One co-owner may want to sell to the highest bidder and retire, while another may want to invest further and build something like a hotel. In these circumstances, seeking advice from a Newport Beach Partition Lawyer may be beneficial.
These situations usually end in a partition of the property by a joint owner. However, they are not the only instance where a partition action may be needed. There are at least four instances where a Newport Beach Partition Attorney may be helpful:
- Investor-Developer co-ownership of property;
- Ex Romantic Partner co-ownership of property;
- Shared Family co-ownership of property; and
- Parent-Child co-ownership of property;
As stated by a California court, “the right to partition…cannot be denied, ‘either because of any supposed difficulty, nor on the suggestion that the interest of the cotenants will be promoted by refusing the application…’” (Priddel v. Shankie (1945) 69 Cal.App.2d 319, 325.) Newport Beach is known for its beautiful local beaches like the Wedge, famous for its big waves, and Corona del Mar State Beach. It is also well known for its upscale residential areas, modern shopping facilities, and fancy restaurants. A Newport Beach Partition Attorney can give meaning to this law for anyone ready to end joint ownership.
California law allows anyone who is a joint tenant or tenant in common of property to commence a partition action that severs the collective ownership of it. This right, as previously stated, is absolute. This means that any co-owner may initiate a partition action no matter how small their interest in the property is. An experienced Newport Beach Partition Lawyer can ensure the co-owner is justly compensated.
Newport Beach is home to the Balboa Peninsula, which houses two piers: the Newport Beach Pier and Balboa Pier. Newport Pier was originally built in 1988 and was then destroyed by a hurricane in 1939. It was later reconstructed in 1940, measuring 1,032 feet long. Newport Beach also houses the Balboa Fun Zone, a vintage amusement park that hosts an estimated seven million visitors annually. The park consists of a Ferris wheel, the Catalina Flyer, whale watching companies, restaurants, and an arcade.
Newport Harbor once supported maritime industries, but today it is used mainly for recreation. Tourists can often travel to the city and take an underwater semi-submarine tour of Newport Beach, where it is possible to view the underwater life along the coast. The city’s coast also offers outstanding fishing, swimming, surfing, and aquatic sports.
The city’s name was given quite literally. In 1870, Captain Samuel S. Dunnells sailed into the bay looking for “new port” facilities. He developed Newport Landing as a lumber terminal in 1873. By 1892, the area became known simply as Newport. At the Underwood Law Firm, P.C., our Newport Beach Partition Lawyers are well qualified for the job and ready to assist you.