Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [jointly-held-property]

37 questions
57
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Should a sibling pay rent to another sibling on a jointly owned house?

My sister and I own our parents' home. In July 2000, our mother became unable to live on her own. My sister and her husband didn't want to move in because the house was too small and too old. They most certainly didn't want to care for our…
Brenda L Godwin
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6 answers

Buying a house with my new partner as Tenants in common. How do we work out what is fair for us both?

My new partner (7 years new!) are buying our first house together. We are both in our late 40s and have been divorced for some years. I have more equity to put down to purchase the house, but he earns more money. We are therefore setting up the…
LouiseWaho12
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8 answers

Can my sibling double his portion of our inherited property by buying us out and then selling?

I have 2 siblings for a total of 3 of us. My father lived in a home worth $300,000. However, we inherited 2 million split 3 ways. My brother wants the property, and buy us out. When thinking it over and researching, I mostly see people dividing…
Tyler wilks
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UK Stamp Duty, Buying with a partner who owns a flat

I own a house on the south coast. My partner owns a flat in London with her sister. Her sister lives in the flat and the other room is rented out. My partner has lived with me for 18 months and is registered to vote at our house and works nearby. If…
SlimCheney
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6
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6 answers

How do I calculate ownership percentage for shared home ownership?

I am having trouble coming up with the ownership percentage I should allocate to each co-borrower. Here are the details: My husband and I are one co-borrower and my sister is the other. We are purchasing a home together and see it as an…
April
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5
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1 answer

Siblings inherit a property

Two siblings inherit a property that could be joint or tenants in common. Can one of the owners take a mortgage out ( I assume against the property as has no other income or property) without the others consent?
annoyed
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4
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1 answer

Someone is buying me out of a mortgage, what kind of taxes should I expect?

About 9 years ago, I co-signed a loan for a mortgage with a family friend. I basically was just a co-signer, I didn't contribute to the down payment or any of the monthly mortgage payments. Since then, my co-signer had passed away but his widow and…
user2804921
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4
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1 answer

Selling my share of a house

I own half share of a house with my brother in NZ and I am wanting to get my half out. He is going to buy me out but I need to know what is fair. He wants to keep the house, so should I be expected to be paying half costs of what is still needing to…
Rachael
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5 answers

What things should I consider when getting a joint-mortgage?

I'm currently renting and I'm wanting to buy a house in the area to live in (because I want more space and I want my money to go into an asset rather than simply losing money I'm paying in rent). Unfortunately almost all of the properties within a…
Dai
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How to calculate the equity owned in a jointly owned mortgaged property?

I jointly own a property with two of my sisters. When we purchased the property I put a £10,000 deposit down and was the sole contributor to this. All three of us are currently paying one third of the mortgage payment each. One of my sisters is now…
Hayley
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Value of mother-in-law cottage for purposes of will

Let's say there's the following scenario. A couple who are homeowners and parents of three adult children build a small, one-story detached mother-in-law cottage (500 sq. ft.) with kitchen and bathroom on their existing property. They then sell the…
Seattle Part 2
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What is the economically rational way to fund leasehold property management?

I am trying to find a company to manage the block of flats (apartment building) I live in. What is the economically rational way to pay for property management services, According to traditional microeconomics? In practice? In particular, the…
Croad Langshan
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Dealing with Home inheritance

I have been living in my grandmother's house for the past 20 years. The house has been paid off for years. During that time, I have taken care of her and the house until she got bedridden. My aunt had to take her in to her house to take care of here…
Rick
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How can I find the FMV of my property 10 years ago, the year my husband passed away?

How can I find out the FMV of my property 10 years ago, the year my husband passed away. Related to if the $500K tax exclusion is applicable still if I sell my house this year.
Arlene J Velasquez
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Rental income and mortgage interest deduction for married non resident alien

My wife and I acquired a property in the US in 2016 with a US mortgage. We started renting it that year and have been managing it ourselves since then (no rental management company). We are both owners of that property and filled jointly as "US…
michael
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