Looking for honest feedback on a co-ownership cost-sharing arrangement. Two people co-own a house 50/50. One is considering moving back in full-time and managing the home. The other is not living there. A third person (a roommate) would be renting the second bedroom.
Monthly Household Costs: • Mortgage (including escrow/taxes): $2,809 • Utilities (solar, water, trash, internet, etc.): ~$395 • Maintenance reserve: $208 • Total monthly cost: ~$3,412
Proposed Split: • Roommate: Pays $1,250 base rent + ½ utilities + ½ maintenance = ~$1,551/month • Non-resident co-owner: Pays 20% of the mortgage (~$562/month), no other contributions • Resident co-owner: Pays the rest (~$1,287/month) and handles all responsibilities (shared spaces, roommate coordination, utilities, maintenance, etc.)
The idea is that the roommate’s rent goes directly toward offsetting household costs — not as income or profit for either co-owner.
The non-resident co-owner is currently suggesting that the $1,250 rent be considered “their half” or their rental income, but that doesn’t sit right since they’re not covering 50% of the mortgage or participating in any day-to-day responsibilities.
Does this split seem fair? Would love outside perspective on how to handle this equitably.
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source https://www.reddit.com/r/RealEstate/comments/1lrd357/is_this_a_fair_coownership_and_roommate/
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