Tenants in Common

[Nettleton]

Hi 3 Tenants in common. One died. Now selling. One has done all the management of the property for over 15 years. Can that person make a claim for the cost of doing the management of the rental property over those years as an expense to be included in the profit distribution/sale?

 

[Tim W]

Can the "manager" show that their role was formalised (for example, by referring to an agreement)?
And that is wasn't just the normal course of events for an owner?

How would they calculate such a figure anyway?

 

[Nettleton]

The "management fee" would be based on a set % of the rental $. This person did do the management, no argument there. Eg drew up lease etc. There is no formal arrangement. The third person would support it. It is the dead persons estate that may query it.
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