Q: I purchased a home in hernando beach, fl on sept 28, 2018. I paid 20% of the total price and paid cash......
I now wish to dissolve this partnership. we have an outstanding property tax bill since we paid cash. the 80% owner now wants me to pay 50% instead of my vested 20%. she also wants me to pay 50% of the cost associated with the sell of the property, again instead of my fully vested 20%. we have no written agreement other than on the deed my percentage of ownership is recorded. we have been splitting the monthly expenses 50/50...but my opinion being that is not the same as ownership issues and expenses. am I correct legally in that my obligation to the tax bill and the sell of the home fees/expenses are limited to my fully vested 20% only?
A: A deed doesn't create a partnership; it creates a tenancy-in-common. If you cannot agree on how to split the proceeds or the expenses, you probably need to sue for "partition".
Bruce Alexander Minnick agrees with this answer
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