Real Estate Law
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OK, and there is only an oral agreement & understanding between the Brothers, however, the Brothers recently paid a CPA to account for the expenses paid by the Brothers - specifically for the purpose of "equitable distribution" to buy-out Brother B's remaining interest in the property - especially since the initial downpayment of $25K made by Brother B, Brother A has already put-in nearly $100K into the property... (all this is in writing)... Though there is NOT a separate, written agreement as to how all the expenses would be accounted for, the oral agreement/ understanding & the written documents/ spreadsheets from the CPA should be sufficient - correct ?
It seems it would be prudent for Brother A to write Brother B stating, for the record, "as we always agreed, we'll split the expenses per the CPA, and handle the distribution of any remaining equity after we account for all the expenses paid by each of us to date..." (or something along those lines)... presumably, whether Brother B specifically agrees, or simply does not deny this truth, this could be helpful, or ?
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