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Updated almost 3 years ago,
Tenants in common percentage split agreement
Hi bigger pockets folks,
Closing on a house April 19th, 2022. Me and my girlfriend are trying to come up with a fair percentage split while holding title as tenants in common. Here are the financials. Let me know what you think it should be and your reasoning. Thanks
Purchase price 925,000 k
down payment + closing costs +10000$ cash = 85000$ ( I am paying all of this, so I have 85000 into the deal)
Lending: We are splitting the loan 50/50 which = 878,750 so 439,375 each
We plan on paying the mortage 50/50 as well as all house expenses would be 50/50
Based on this information what do you believe is a fair tenants in common percentage split/ agreement
Thanks