Q: If there are two equal adjacent lots (A and B) to be developed into homes.
Lot A is owned by property owner #1 and Lot B is owned equally by property owner #1 and #2. If you build homes how should the development cost/profits from sales/shares work out?
A: The short answer is "any way you want to." There are many choices. If you make no choices, the Uniform Partnership Act will make them for you, and you may not like its choices. Indeed, it won't be clear whether you have a partnership of the one property or of the two, and the one to make the most money might be the lawyers. You'd be better off deciding on your deal before you spend money on it.
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