R
dodo said:She is trying it on please put her in her place if she put down 80K on the house profit say 100K you get 50K simple as that.If nothing was mentioned before you bought the house no contracts etc she has no legal right, the cheek of some people, she is not right as nothing is put down in writing, bring her out for a meal or something, remember without you she could not have bought the house any how. some cheek
bacchus said:13 answers: 12 in favour of relative, 1 (you) in favour of Rosie...
bacchus said:
Do not you want to cancel your vote and try again?
how can you say legal wise she's entitled to 50%? im sure the intention was to have the property 50:50 but the fact that the relative put in large deposit and took half the debt means she has a greater %stake in property,as i said earlier if someone sticks in all the deposit and the property is gonna be owned 50:50 an agreement should be reached and the person who doesnt pay anything up front should either pay greater than 50% of mortgage repayments or pay back the other person half the deposit in a lump sum with interest if agreed before the property is sold on.i wouldnt rely on dodo's opinion as legal fact .The reality is that rosie didnt provide 50% of the finance which is what be expected if one claimed 50% ownershipdodo said:The popular vote does not mean anything, legal wise Rosie would be in the right to expect 50%. Nothing stated before hand nothing in writing it is a no brainer I'm thinking. Rosie just say cous nice doing business with you
bearishbull said:how can you say legal wise she's entitled to 50%? im sure the intention was to have the property 50:50 but the fact that the relative put in large deposit and took half the debt means she has a greater %stake in property,as i said earlier if someone sticks in all the deposit and the property is gonna be owned 50:50 an agreement should be reached and the person who doesnt pay anything up front should either pay greater than 50% of mortgage repayments or pay back the other person half the deposit in a lump sum with interest if agreed before the property is sold on.i wouldnt rely on dodo's opinion as legal fact .The reality is that rosie didnt provide 50% of the finance which is what be expected if one claimed 50% ownership
dodo said:I have asked a legel expert who said if not in writing then it would be hard for counsin to make a case, also where was the risk it was a no brainer,
in all fairness IMO Rosies relation is entitled to the increase of the value of her deposit.I would really love to hear some opinions as we have a great relationship and we don't want to see either one of us left short....
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