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How will the rental or sale amount be divided between partners


19-Nov-2023 (In Property Law)

I have invested in a factory in ncr with a friend in this manner: 1. We have equal contribution in plot, 50% each 2. We have equal contribution in ground floor and basement construction, 50% each 3. I have 100% contribution in first floor and second floor construction Now If factory is let out or sold, how will the rental or sale amount be divided ?

Answers (1)

Answer #1
968 votes
As your percentages are clearly defined the total amount will be divided accordingly with the percentages of money invested in the way as mentioned. It would be better to do all the transaction in writing

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