Q: 2 partners purchased a property which is fully rented . 1 is managing it and gives no profit or share of income to 2 .
Both are family members, one claims since he is managing he deserves to have all rents collected.. I disagree both should have access to bank account and other details of property and share of income generated . What can be done to ensure that both gets fair share. Also to avoid family drama is there any easy way to settle this like arbritration etc .
A:
This is a partnership.
Either parties work out in writing what each will do and how much each will get
or
Break up partnership by one buying out the other or just sell it and divide up the money.
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