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Jo C.
Jo C., Barrister
Category: Law
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Experience:  Over 5 years in practice
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I started a property business with a partner approx 8 years

Customer Question

i started a property business with a partner approx 8 years ago ,with the intention of a 50/50 partnership, i was the practical one and did all the work on the properties. He has his daughter renting one of our houses bringing in little or no rent and this has been the case for 2 years. i have told him this is not fair and he is now questioning me regarding my original investment compared to his. we have always treated the business as 50/50 as i put a lot of work into them in the initial stages for no pay over the years i have also put lots more work into them he can't do anything practical at all so has always dealt with the tenants but not that good. we have equity in 4 of the 6 properties of over 100k but he is offering me my original 10k back only where do i stand on this?

Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you with this.
I assume it Was a partnership and not a limited company you set up?
Customer: replied 1 year ago.

not sure if it was limited what is the difference?

Customer: replied 1 year ago.

not sure if it was limited or not

Customer: replied 1 year ago.

nothing is happening?

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