It's up to you to decide between each other how much equity each should receive in the event that the property is sold really, though it would seem sensible for you to receive a share of equity in the proportion which you have contributed (ie. 296-42) or perhaps a bit more if you partner has contributed to the mortgage repayments though if the amount they have paid is less than the rent that they would have to pay were they not living in the property then the increase should not be too big.
Is your partner to be named on the title and mortgage to the property or will they simply be living there?
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).