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<blockquote data-quote="BadgeBunny" data-source="post: 2001900" data-attributes="member: 1242"><p>Legally speaking, what you and your "group" envision is a nightmare. Be prepared for it to cost you more in legal fees and insurance costs than what it will be worth in the end. </p><p></p><p>I've seen any number of contracts that have tried to establish equitable sharing of a joint property. Someone always finds a loophole, exploits it and then things go south from there. Then all these best buddies who thought it would be cool to have a joint hunting cabin out in the middle of nowhere wind up spending all their time in the courtroom and all their money on legal fees. Granted, if things had gone well, I wouldn't have been reading about all the gory details but it happened enough during my career to make me just a tad bit leery of joint ownership of anything with anyone, except maybe my darling JBT ... And sometimes I have to wonder if I did the right thing with him ... <img src="/images/smilies/wink2.gif" class="smilie" loading="lazy" alt=":wink2:" title="Wink2 :wink2:" data-shortname=":wink2:" /></p><p></p><p>I guess you've figured out already that I'm not interested but I do wish you all the luck in the world. You are gonna need it.</p></blockquote><p></p>
[QUOTE="BadgeBunny, post: 2001900, member: 1242"] Legally speaking, what you and your "group" envision is a nightmare. Be prepared for it to cost you more in legal fees and insurance costs than what it will be worth in the end. I've seen any number of contracts that have tried to establish equitable sharing of a joint property. Someone always finds a loophole, exploits it and then things go south from there. Then all these best buddies who thought it would be cool to have a joint hunting cabin out in the middle of nowhere wind up spending all their time in the courtroom and all their money on legal fees. Granted, if things had gone well, I wouldn't have been reading about all the gory details but it happened enough during my career to make me just a tad bit leery of joint ownership of anything with anyone, except maybe my darling JBT ... And sometimes I have to wonder if I did the right thing with him ... :wink2: I guess you've figured out already that I'm not interested but I do wish you all the luck in the world. You are gonna need it. [/QUOTE]
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