HI,if Tom and Gerry were left a house in a will 50% share each and Gerry is living in the house does gerry pay Tom 50% of the going rental price in the area and then is Tom to pay 50% of the rates, insurance and upkeep of the property?
I am in a rural area in Qld so getting legal advice is hard so ... Does anyone know the law concerning the legal requirements of 2 people that receive a 50% share each of a house in a will, one of the two lives in the house does he have to pay 50% of the going rent in the area to the other party and then the other shareholder pay 50% of the rates, water, insurance and upkeep? Hope I can get an answer to this its turning into nastiness.
I am in a rural area in Qld so getting legal advice is hard so ... Does anyone know the law concerning the legal requirements of 2 people that receive a 50% share each of a house in a will, one of the two lives in the house does he have to pay 50% of the going rent in the area to the other party and then the other shareholder pay 50% of the rates, water, insurance and upkeep? Hope I can get an answer to this its turning into nastiness.