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Several attorneys have told you your siblings can charge you and your live-in boyfriend rent for living in shared inherited property from your deceased parents is that accurate?
Wiki User
∙ 17y ago
Not only can they charge you rent which you should gladly pay because they now have a vested interest in that property, they can choose to sell it, unless in the will it was stated otherwise. I would come to a compromise with them before your out of place to live. A house inherited is a gift to all but it is also an expense to upkeep and maintain. Let's say a house is worth $300,000 and there are 3 kids involved. Well, that could mean 100,000 each if they sell and no headaches. Now you have one sibling living in a place and theres is no income coming from the place, either by renting or selling, but there is still upkeep and maintainance. You cant see their point of view because your not shelling out anything and getting to stay in the place for free. If you can buy out their shares and the house can be yours. If not be fair buck up the money to live there and be prepared to pay for most of the maintainance yourself because you are using the home, not them.
Wiki User
∙ 17y ago
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