Q: Real Estate dispute: What recourse is there? one party gave a room for rent without informing the owner.
Party A, and B.
Party A lives on property, gave monetary value, during closing, to own 25% of the property. There is no writing in place. Their name is not recorded on the deed. Credit was not pulled. Verbal agreement was : to help pay half of the mortgage and other costs. Take care of property while living there to retain ownership. Both agreements are not being kept. They brought in a renter without the knowledge of the other party.
Party B owns 75% of the home with their name and mortgage both recorded. Paying all taxes, mortgage, and other costs. Not benefiting from the renter.
A:
This situation is difficult to determine, and I would have to review all documents to give you a complete answer. However, legalistically, it sounds like you are the only property owner, which would make the other "owner" a tenant or guest on the property. Where it goes from there, I would want to review documents before I go any further.
I advise seeking a local lawyer and bringing them everything to review.
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