That's a very strange percentage 5%. Logically they owe 5% of costs, but really the person living in the house is having free rent. I presume this is some siblings, they should agree as to the next steps, which is not always possible, especially if the owner resident doesn't allow access etc.
If minority owner asks the 3 others to buy out their 5% there presumably would be all manner of expenses produced.
When the minority owner passes away, what good is a 5% ownership in reality to his/her beneficiaries?
Is it four siblings? YES Does the 5% owner live in the property NO, why not ask the other three to pay them off,AN OPTION, YES where are you seeing all manner of expenses being produced in this CAN'T BE RULED OUT. As with most cases like this we see in AAM one feels there is more to this than meets the eye Steiner. What does the 5% owner want CLARITY. What is your relationship to this - I WILL INHERIT THE 5% to solve it, to sort out the mess created by others, I'd say in most cases like this one is best to stay away !
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?