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Updated about 3 years ago,

Dat Nguyen's profile image
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Dat Nguyen
  • Member since Jan 6, 2022
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Dat Nguyen
  • Member since Jan 6, 2022
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Dat Nguyen
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3
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Buying & Selling Real Estate

Fractional ownership - how to represent in sales agreement

Dat Nguyen
Posted

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?

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