Property News · July 15, 2016

I own a buy-to-let property with a friend – how do we slice up the rental income?


My share is 60% so I feel the income should be split 60/40. But my friend wants to divide it in a different way Q A friend and I have bought a property to let. We are paying the mortgage 50/50 but our deposit amounts are 80/20, therefore our splits come out at around 60/40.I own the 60% share of property and would like your opinion on the correct way to split rental income from the property. The way I see it, should the property yield £1,000 a month in rent, I am owed 60% of this and my friend is owed 40%. Similarly, if we were both living there, as I own more of the property I would have the right to request a small amount of rent from my friend to compensate for the fact that she doesn’t own 50% and therefore must part rent from me. Continue reading…

Source : theguardian.com
Read more…I own a buy-to-let property with a friend – how do we slice up the rental income?

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