6 years ago my husband and I purchased a house with a family member. After 1 year, there was a fallout resulting in 1/3 of the tenants in common ownership moving out. They failed to pay any part of the mortgage for around 1 year. My husband and I continued to pay 100% (and continue to live in house).
We came to an agreement to pay the family member rent of $150. Which in return $200 started to be payed into the mortgage on a weekly bases. Recently we have had difficulty paying the family member on a weekly basis, but can continue to stay on top of the full mortgage payment, due to my husband being payed monthly.
We tried to reason with family member, no agreement was made. Now because the family member now has no rent coming in, they say they can rent out there share of property out. (Absolutely all contents of the house is owned by myself and husband). May I just add that the house is owner occupied through the banks eyes.
Can 1/3 be rented out against our will?
We came to an agreement to pay the family member rent of $150. Which in return $200 started to be payed into the mortgage on a weekly bases. Recently we have had difficulty paying the family member on a weekly basis, but can continue to stay on top of the full mortgage payment, due to my husband being payed monthly.
We tried to reason with family member, no agreement was made. Now because the family member now has no rent coming in, they say they can rent out there share of property out. (Absolutely all contents of the house is owned by myself and husband). May I just add that the house is owner occupied through the banks eyes.
Can 1/3 be rented out against our will?