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If two people own a house …

Let’s say two people are deeded a triplex house, non married just friends, for these purposes say it’s an inheritance from an elderly friend who want them to have it equally when they die.

Let’s say person A on the deed lives in one side and starts renting the other two units out.

How does one make sure that person B is compensated fairly (50%). They don’t live there and aren’t collecting the rent.

Are we trusting person A to do the right thing? What if they don’t?

submitted by /u/vengeful_donkey
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1cbsl06/if_two_people_own_a_house/
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