hi i currently own half of a property

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gaborkiraly

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Post by gaborkiraly » Mon Sep 07, 2009 6:56 pm
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hi i currently own half of a property with my brother but im moving into rented accomadation with my girlfriend what am i entitled from this property as my brother is refusing to buy me out at the moment
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Adam Davies

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Post by Adam Davies » Mon Sep 07, 2009 7:42 pm
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Hi
I would say that you are entitled to 50% of any equity if and when the property is sold. This assumes that you put an equal deposit down and shared ther mortgage costs
Regards
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Tue Sep 08, 2009 12:16 am
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I agree with Andy, unless there is any prior agreement with your brother which might dictate differing shares.

If your brother is going to carry on paying the mortgage in full, this does not give him any additional interest, as he should be paying you rent for your share of the property.
Regards, Melanie Giles, Insolvency Practitioner
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gaborkiraly

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Post by gaborkiraly » Wed Oct 14, 2009 3:56 pm
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hi the property is now coming off the market until after xmas so he should be thinking about buying me out now and how would he go about this as at the moment im not getting anything off him
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