Friday, February 13, 2015

What's a fair payout between siblings over a house?

My fiancé's sister and her (then) fiancé broke up but she wanted to keep the house. She couldn't afford to keep it on her own so her brother took on half her mortgage, put his name on the title and moved in so she could keep her house. They have a loan fixed for 3 years. Now that I am engaged to her brother and plan to marry next year we would like to build a house of our own. As he is on her title he has lost his rights to the first home owners grant. So when we intend to build the home will have to be on my name alone if we want the first home owners grant.
every time he mentions a pay out she changes the subject or states that as he has only been living here for under two years he wont be entitled to much. He pays half the mortgage, half of all bills including insurances, half the rates and had to pay stamp duty. He has paid well over $15K so far. Now she wants him to move out in 3 months so that she can have a friend move in and pay rent instead. They're currently discussing a fair payout but her version of fair is a lot different to ours. Opinions would be greatly appreciated!

Read more: What's a fair payout between siblings over a house?