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.
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.
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.
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.