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Comments
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Whoops, apologies!
How is it different? Glad I asked on here now I must say0 -
We have a trust deed saying we own the house 70% me and 30% him
1. The net sale proceeds shall be paid as to:-
- The fixed sum of £164,000.00 to the First Owner
- The fixed sum of £6,000.00 to the Second Owner.
- The balance being divided between the Co-Owners by paying the First Owners share to the First Owner and the Second Owners Share to the Second Owner.
Now is it?0 -
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Correct, I just looked at the first page where it says The First Owners Share 70% and Second Owners 30%
Now that I've posted the correct info, on todays value, how much would he be entitled to?
Im crap at this sort of thing, as you can probably tell0 -
Points 1 and 2 of your Deed of Trust are clear but point 3 is woolly. How is the balance to be divided between the co-owners?
If we assume that the balance is to be divided equally between the two of you then after you get your £164k and he gets his £6k back then there is £30k left to split between you. So he'd get £15k and you'd get £15k.0 -
Have you got a calculator?
There's probobly one on your phone or laptop.0 -
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:rotfl: no was done by the solicitor at the time0
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After point 3 it carries on to a new section called 'Right of pre-emption'0
This discussion has been closed.
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