We have 3 equal partners buying a property. In the sales agreement paperwork, can we specify that each partner owns 33⅓%. In other words, does the paperwork allow fractional percentages? Or can we only have whole number percentages, such 34% to one partner and 33% to the other two?
Investor · Sugar Hill, GA · Member since 2014 · 168 posts · 97 votes
4y
The short answer is yes. You can specify pretty much anything you want. You can say that each owner owns 1/3 of the property. Unless you are referring to some specific paperwork that is asking for ownership %, in that case, you should be be able to put