Author Topic: Co-ownership of inherited property  (Read 186 times)

moneetalks

  • 5 O'Clock Shadow
  • *
  • Posts: 16
Co-ownership of inherited property
« on: March 14, 2017, 09:57:45 PM »
I need some mustachian advice.

My brother and I inherited my mothers home when she passed in 2012. Without going into too much detail, he's been living in the house ever since.  Paying zero rent to me.   I agreed to it under the premise that it would give him time to build up savings, get his life in order, etc.

For a variety of reasons, that should be obvious to most reading this, I want to sell the place and put that money to better use.

Instead of being appreciative of the rent free living he's enjoyed, he's of course dragging his feet and obviously hopes that the status quo will continue.

Any advice?  Legal or philosophical?

I've presented him with the option of buying me out or just selling the place.  And in the buy out option, I'm of course offering him a bargain price! 

Would appreciate any insights