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Updated over 6 years ago,

User Stats

31
Posts
10
Votes
Tim Vallee
  • Real Estate Agent
  • Saint Peters, MO
10
Votes |
31
Posts

obtaining a Commercial Property with a sibling

Tim Vallee
  • Real Estate Agent
  • Saint Peters, MO
Posted

I own a Commercial Property with my sibling. We will be 50/50 partners. My sibling owns a separate business that I am not involved in. That business has rented within the building, we now own together, for the last 20 years. Including my siblings business, there are 8 business renting within the complex. I have two questions:

What should be in our Operating Agreement (partnership)

How much, if any, should my siblings rent be now that she owns 1/2 the building

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