---

Any legal recourse to recover management fees in TIC?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Wrongedbybrother Guest	Posted: Wed Nov 30, 2011 9:46 am    Post subject: Any legal recourse to recover management fees in TIC? Like 0 Dislike 0 Husband and I own townhouse with my brother 50% us and 50% him. We have verbally agreed since 2008 that husband and I would manage property as rental, pay expenses out of bank account opened just for this on both parties names and deposit rental income. We have been sole managers (although we have given him regular reports on expenses and revenues). My brother, who has not contributed to any of the management duties has consistently refused for us to repay ourselves (out of that bank account) for any office supplies, bookkeeping and management service, gas, time, and effort we put into this property for the past 3 years, has now decided to dissolve our tenancy in common. Can we demand to be compensated for our services and expenses? Do we have any legal recourse? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Nov 30, 2011 7:38 pm    Post subject: Like 0 Dislike 0 Hi Guest, Your query has been replied to in the given page: http://www.mortgagefit.com/propertytransfer/about53564.html#223202 Take a look at it. I hope it will help you. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0