Question
Assume 50/50 ownership of property of Tim and Chris Tim is the co-owner in occupation, having ousted Chris from the commencement of the co-ownership Total
Assume 50/50 ownership of property of Tim and Chris
Tim is the co-owner in occupation, having ousted Chris from the commencement of the co-ownership
Total market rent for property would have been $200,000
Tim spends $500,000 to improve the property (increasing its value by $300,000)
Property sells for $2M
How is the $2M divided by the Court (assuming Tim and Chris each want to maximise their share)?
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Equity And Trusts Text Cases And Materials
Authors: Paul S. Davies, Graham Virgo
3rd Edition
0198821832, 978-0198821830
