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Hypothetical Property Law in Louisiana...
Posted on 5/18/18 at 4:00 pm
Posted on 5/18/18 at 4:00 pm
I've got this friend....
He and his friend own this house together. They occupied the residence together for 6 years before they decided to not be friends anymore. Friend A lived in the house for 1 year post fallout. Friend B moved in about a year after Friend A moved out and has occupied for the past 17 years....
Now that company C has decided that the property is worth something and has made an offer to Friend B....does Friend A have any legal right, having had nothing to do with the house, other than having his name on it for the last 17 years...?
He and his friend own this house together. They occupied the residence together for 6 years before they decided to not be friends anymore. Friend A lived in the house for 1 year post fallout. Friend B moved in about a year after Friend A moved out and has occupied for the past 17 years....
Now that company C has decided that the property is worth something and has made an offer to Friend B....does Friend A have any legal right, having had nothing to do with the house, other than having his name on it for the last 17 years...?
6
Posted on 5/18/18 at 4:04 pm to AUjim
quote:
does Friend A have any legal right, having had nothing to do with the house, other than having his name on it for the last 17 years...?
Well of course.
Posted on 5/18/18 at 4:05 pm to AUjim
quote:
does Friend A have any legal right,
yes, he owns 1/2 the house
get a lawyer
Posted on 5/18/18 at 4:33 pm to AUjim
The 17 years might make this tricky. But yeah get a lawyer.
Posted on 5/18/18 at 4:59 pm to AUjim
Friend A has whatever ownership percentage that's specified in the paperwork from when the 2 friends originally bought the house together.
If Friend B is upset that he's been paying mortgage/insurance/taxes/maintenance by himself for the past 17 years, then Friend B would have to sue Friend A to try to recoup some of that money from Friend A's share of the sale proceeds.
ETA: but then Friend A could argue that he was entitled to "rent" from Friend B for the past 17 years also
If Friend B is upset that he's been paying mortgage/insurance/taxes/maintenance by himself for the past 17 years, then Friend B would have to sue Friend A to try to recoup some of that money from Friend A's share of the sale proceeds.
ETA: but then Friend A could argue that he was entitled to "rent" from Friend B for the past 17 years also
This post was edited on 5/18/18 at 5:07 pm
Posted on 5/19/18 at 11:55 pm to AUjim
quote:
Friend A has whatever ownership percentage that's specified in the paperwork from when the 2 friends originally bought the house together.
Tell your friend to tell his lawyer all the facts.
Posted on 5/20/18 at 7:42 am to AUjim
Were these friends married to each other at any point? That’s another wrinkle.
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