QUESTION

regarding rental property

Asked on May 29th, 2016 on Residential Real Estate - New York
More details to this question:
My brother and I own the family home. My brother wants nothing to do with it. I have been doing all maintenance, etc. My brother suggested drawing up an agreement that would give me the right to lease it and collect all rents every month, pay all bills, keep up with maintenance on said property. He just wants half the proceeds when I sell. Is this even legal?
Report Abuse

1 ANSWER

Estate Planning Attorney serving New York, NY
1 Award
Not only is it legal, it is a good idea, and done all the time.
Answered on May 30th, 2016 at 5:50 PM

Report Abuse

Ask a Lawyer

Consumers can use this platform to pose legal questions to real lawyers and receive free insights.

Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.

0 out of 150 characters