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Any legal recourse to recover management fees in TIC?

Posted on: 30th Nov, 2011 08:46 am
Husband and I own townhouse with my brother 50% us and 50% him. We have verbally agreed since 2008 that husband and I would manage property as rental, pay expenses out of bank account opened just for this on both parties names and deposit rental income. We have been sole managers (although we have given him regular reports on expenses and revenues). My brother, who has not contributed to any of the management duties has consistently refused for us to repay ourselves (out of that bank account) for any office supplies, bookkeeping and management service, gas, time, and effort we put into this property for the past 3 years, has now decided to dissolve our tenancy in common. Can we demand to be compensated for our services and expenses? Do we have any legal recourse?
Hi Guest,

Your query has been replied to in the given page:
http://www.mortgagefit.com/propertytransfer/about53564.html#223202

Take a look at it. I hope it will help you.

Thanks
Posted on: 30th Nov, 2011 06:38 pm
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