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Updated almost 3 years ago on . Most recent reply

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Nic Sliffe
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WANTED: Real estate Attorney to establish Partnership agreement

Nic Sliffe
Posted

New member first post.

Looking for a real estate attorney versed in establishing partnership agreement in the souther ca area.  

It will consist of a 70/30 partnership on a home and ADU in the Mammoth mountain area. It will be used as a vacation home/STR with an ADU utilized as a STR.

70/30 percentage will apply to the down and the monthly payment.  Use of premises will be 50/50.

30% partner requesting use and reservation priority of the 3/3 house during holiday times for family use. In exchange 70% partner is requesting full payment of ADU rental to offset monthly expenses. and utilities (electric, water,internet,gas,snow clearing, etc) to be shared 50/50.

Much of the initial information re dissolution etc is established.  I would just like to clear this thru an attorney before moving forward.  

Thanks in advance for any info!

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Nic Sliffe
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4
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Nic Sliffe
Replied
Quote from @Nic Sliffe:

hey thanks @shelby pracht. Just a ADU for a 30 day min in compliance with local code. Not short term but not long term.  MTR (mid term rental). 
Quote from @Shelby Pracht:

Unfortunately I don't have an attorney recommendation for you but did want to mention that ADUs in Mammoth aren't eligible for nightly rentals. Im assuming you're looking at the Gray Bear/ East Bear Lake properties, the main homes are able to STR but not the ADUs.


@Shelby Prachtundefined

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