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drexel dave Donating Member (452 posts) Send PM | Profile | Ignore Sun Mar-09-08 10:25 AM
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question about domestic partners splitting property
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Edited on Sun Mar-09-08 10:26 AM by drexel dave
I have a question for you folks in the know.

Scenario: two domestic partners live in and renovate old home. Six years in, they split, and decide to evenly split the value in the home improvement based upon tax assessments from the time the home was purchased, until the time the two split.

She moves out, he stays in the house. But at what point should he or she pay the other party who moved out back the money that was earned through their own sweat equity. When should they be required to sell or re-finance?

Anyone know of any good contracts dealing with this? Said couple have come to agreement on the terms of who gets what, just not when.
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