Hi,
I am not sure if this is a good place to post my concern but I am desperate for some information on my options. I received an apartment in my name as an inheritance (was in my father's name initially but he passed away) in 2010 in India. It is split between two uncles and myself and thirteen years on, there is no sign of it being sold. It is completely empty and has never been rented out or lived in. Fair to say the condition is pretty basic and constantly needs repairing. Over the years, I have been paying my share of the maintenance fees and repairs, etc needed. Now, 13 years on the building requires major maintenance and repairs and is costing a fortune for myself from here. After mortgage rises (in Aus), bills and inflation, I hardly have enough to suffice for maintenance and fixes for another house that I get nothing in return from. I have attempted not to pay for these in the past but have been constantly told that lawsuits will be looming if I don't pay for my share. Considering I will not get anything back from this and I have paid over $10K over the years, I don't find it any use to continue to pay for it. What are my options and if I stop making payments, can I be sued by the building Association and my family members (in India) who have a share in this apartment?
Note: There is very high friction and anger among the family members so talking this through is not an option. We would not be in contact if it wasn't for the apartment.
I am not sure if this is a good place to post my concern but I am desperate for some information on my options. I received an apartment in my name as an inheritance (was in my father's name initially but he passed away) in 2010 in India. It is split between two uncles and myself and thirteen years on, there is no sign of it being sold. It is completely empty and has never been rented out or lived in. Fair to say the condition is pretty basic and constantly needs repairing. Over the years, I have been paying my share of the maintenance fees and repairs, etc needed. Now, 13 years on the building requires major maintenance and repairs and is costing a fortune for myself from here. After mortgage rises (in Aus), bills and inflation, I hardly have enough to suffice for maintenance and fixes for another house that I get nothing in return from. I have attempted not to pay for these in the past but have been constantly told that lawsuits will be looming if I don't pay for my share. Considering I will not get anything back from this and I have paid over $10K over the years, I don't find it any use to continue to pay for it. What are my options and if I stop making payments, can I be sued by the building Association and my family members (in India) who have a share in this apartment?
Note: There is very high friction and anger among the family members so talking this through is not an option. We would not be in contact if it wasn't for the apartment.