Yes, each party is responsible. However, there may be a credit given for the equivalent of rent to the party who resides in the house. The verbal agreement was probably with no consideration, and there is a law in Florida called the Statute of Frauds, which makes a non-written agreement regarding real property unenforceable. So, you are able to negotiate a new deal. It gets a bit confusing with all the financials, so the best bet is to come to terms with each other, and seek a peaceful solution. I hope that this helps. I realize that the deal is a bit complex and that a simple response may not be sufficient. Hopefully, though, this will give a better idea of the law, so that you can get this settled.
Answered on Jan 13th, 2013 at 6:33 PM