Legal Question in Real Estate Law in California
I have 30% interest in a property (ca) and the title reads undivided interest. I have made improvements on the property. I am entitled to the monies I put in the property to get reimburse if the property is sold?
2 Answers from Attorneys
No. You are probably, but not automatically, entitled to the increased property value from what you did. Since very few improvements pay off dollar for dollar in increased value, you are very unlikely to get even most of your money back.
you could arguably subtract your cost of improvements from the sale price, then add that to your 30%, but you may need a lawyer to actually do it.
Best,
Daniel Bakondi, Esq.
415-450-0424
The Law Office of Daniel Bakondi, APLC
870 Market Street, Suite 1161
San Francisco CA 94102
http://www.danielbakondi.com
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