California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 10.5 — Partition of Real and Personal Property, Chapter 7 — Partition by Appraisal, Section 873.920

The agreement shall be in writing filed with the clerk of court and shall include:

(a) A description of the property.

(b) The names of the parties and their interests.

(c) The names of the parties who are willing to acquire the interests.

(d) The name or names of a person or persons to whose appointment as referee or referees the parties consent.

(e) The date or dates as of which the interests to be acquired are to be appraised.

(f) Other terms mutually agreed upon which may include, but are not limited to, provisions relating to abandonment of the action if the appraised value of the interest to be acquired exceeds a stated amount, required deposits on account of purchase price, terms of any credit, title and objections to title, and payment of the expenses of the procedure authorized by this chapter and of costs of the action.

Notes

Requires the agreement to be written, filed with the court clerk, and state the property, parties and interests, willing acquiring parties, agreed referee candidates, and appraisal dates. Allows additional agreed terms, including abandonment above a stated appraised value, deposits, credit, title matters, and allocation of procedure expenses and action costs.

Use as reference

Lexinter.net | California Code, Code of Civil Procedure - CCP § 873.920 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-10-5/chapter-7/section-873-920

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