daisydotty
Registered User
- Messages
- 7
Well I had posted on here last summer about the situation I found myself in-Marriage ended, I left the house, He stayed and agreed to pay mortgage. He lost his job and defaulted on mortgage but wouldn't vacate it so we could rent it.
I left it go into arrears (even though it killed me to do so and they are at €4500 at the moment). Entered into MARP with the bank (BOI) myself. Ex ignored requests to put in the SFS. I always stayed in touch with bank etc and ex apparently met with them once. Anyway last week they wrote to us offering 6 months interest only which ex claims he can't pay. I am willing to pay this. But anyway he's finally agreed to move out and have it rented (I had proceedings in progress to force a sale but we are in negative equity + arrears approx. €40000).
I am meeting him tomorrow to sort out the finer details but I want to draw up a legal agreement between us about renting out the house. my solicitor will draw it up. Bu just wondering what kind of things to include in this contract: heres what im thinking myself
-Company to be used for letting & management
-Where rent is to be paid into
- the rent will be about 200 more than the mortgage so what to do with the excess (I know theres property mgt fees, tax liability, PRTB registration, Repairs etc for landlords so I think it should be kept for that)
-at what point to we relook at selling in terms of time
If theres a loss on the years income etc what way is it divided?
Would appreciate any other ideas
thanks
daisy!
I left it go into arrears (even though it killed me to do so and they are at €4500 at the moment). Entered into MARP with the bank (BOI) myself. Ex ignored requests to put in the SFS. I always stayed in touch with bank etc and ex apparently met with them once. Anyway last week they wrote to us offering 6 months interest only which ex claims he can't pay. I am willing to pay this. But anyway he's finally agreed to move out and have it rented (I had proceedings in progress to force a sale but we are in negative equity + arrears approx. €40000).
I am meeting him tomorrow to sort out the finer details but I want to draw up a legal agreement between us about renting out the house. my solicitor will draw it up. Bu just wondering what kind of things to include in this contract: heres what im thinking myself
-Company to be used for letting & management
-Where rent is to be paid into
- the rent will be about 200 more than the mortgage so what to do with the excess (I know theres property mgt fees, tax liability, PRTB registration, Repairs etc for landlords so I think it should be kept for that)
-at what point to we relook at selling in terms of time
If theres a loss on the years income etc what way is it divided?
Would appreciate any other ideas
thanks
daisy!