The house is now on the market for £499.950. The agreement states that I will receive £260,00 from the proceeds of the sale irrespective of the advertised sale price or any offer accepted. That the sale price will be reduced to £515,000 or lower. There are also clauses covering the marketing i.e. agents and fees and the agreement of a conveyance after three quotations. There is a clause which states I will not be responsible for any costs other than the estate agents' fees and conveyancing costs. We had a B & B business and a clause is included that states that the sale of the house is separate from the business and should the business be sold then the proceeds will be divided equally between us. the final clause states that the agreement is non-negotiable and will be in effect until such times as the house is sold, removed from the market or marketed at an asking price higher than £520,000.
This document was signed and dated by my ex partner.
I did after negotiating the terms with him. He originally signed the draft I sent him by email and then signed the printed final version.
The property was bought for £470000 in 2010. The business cost an additional 15000 and we have spent at least 30000 on improvements.
We each paid 50%