What are a co-owner’s rights?
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What are a co-owner’s rights?
After my mother’s death she left behind a house, which is inamesn my stepstep-father’s name and her children’s names. My stepfather rents the house out and keeps all the income for himself. Is it legal for him to do so or is he supposed to keep all the owners informed on what happens with this house and split the profits accordingly? Also, can he be sued for back revenue?
Asked on November 17, 2012 under Real Estate Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under the laws of all states in this country absent a written agreement to the contrary a co-owner is entitled to equally on the proceeds of a rental and its possession. Given what you have written, I suggest that you consult with a real estate attorney to address your concerns and how to resolve the matter you are writing about.
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