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Property split

Posted on: 05th Aug, 2009 02:49 pm
There are three equal shares to this property and two partners have so far paid only 7 months of the mortgages whereas I have paid for lawyers fee, mortgage fees, strata fees, utilities etc. Now one of them is calling out as he said he is not paying the shares of the expenses and instead he offers to give his shares up meaning we can keep his investment. Is this the right method?
koe

Welcoem to the forum

If that person is not able to pay and want you pay it by giving hir/her share, that will be ok. As logn as you have some legal documetns

Good luck and feel free to ask
Posted on: 05th Aug, 2009 08:16 pm
koe
welcome to mortgagefit

all that is well but whether he is asking for his contribution till date..if he is asking for his pie then you can better go for legal documents removing his name from the property.

keep in touch....
Posted on: 05th Aug, 2009 11:26 pm
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