Ask a Law Question, Get an Answer ASAP!
Hi, thank you for your question. Was there a formal agreement or declaration of trust in place in relation to the unequal contributions?
Thanks for confirming. As there is no formal agreement and you hold the title as joint tenants you would each be legally entitled to 50% of the equity. This can only be departed from if he can demonstrate that there was a clear intention that the equity split would be unequal and he would have to pursue an application to court to obtain a greater share.
I hope this assists you. If you found this information helpful please provide a positive rating using the stars at the top of this page. I will not be credited for answering your question without a positive rating. Thank you
Hi, this question remains open. If you found my information provided helpful please could you rate my response positively using the stars at the top of this page as I will not be credited for my response without a positive rating.