Peaceout, I am not clear what you are asking.
In family law, the marital home is shared 50/50 and you owe him 1/2 of the equity in the home, minus the outstanding mortgage. That is, if the home is now worth $300,000 and you have a mortgage of $290,000, then you owe him 1/2 of $10,000 = $5,000 in order to buy him out. Please enter the appropriate numbers.
If you were not married and this was strictly a civil matter of sharing an investment, then the same idea applies. You each invested in the property and agreed at the time that you would have an equal share. An equal share means an equal share. He owns half of the house, now and in the future, until you buy his share.
Pay him half of the equity, or stop kidding yourself that you are ethical.
In family law, the marital home is shared 50/50 and you owe him 1/2 of the equity in the home, minus the outstanding mortgage. That is, if the home is now worth $300,000 and you have a mortgage of $290,000, then you owe him 1/2 of $10,000 = $5,000 in order to buy him out. Please enter the appropriate numbers.
If you were not married and this was strictly a civil matter of sharing an investment, then the same idea applies. You each invested in the property and agreed at the time that you would have an equal share. An equal share means an equal share. He owns half of the house, now and in the future, until you buy his share.
Pay him half of the equity, or stop kidding yourself that you are ethical.
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