My husband is part owner 1 of 8 members in a family property we live in. I am concerned because we have invested over 10,000 in this house. Before we moved in it was not in liveable condition. I'm afraid that we maybe asked to leave or forced out in a year or so even though he inherited his fathers portion. I need some security in this investment we are making we have 4 children to house.
1 Answer from Attorneys
1. He has the same right as the others to possession. He may be responsible for rental to the others for your exclusive use. You would be entitled to the value of the improvements you made to the property.
2. Rather than living in fear, why not work out a lease agreemeent with the other owners that provides for your continuing right to remain in the property.