I am purchasing a home from my grandparents with my brother. We will be splitting everything 50/50 but I will be managing the money once the property is purchased.
We want to write up some sort of partnership agreement to protect us both.
Any recommendations on what to include?
One partner needs to be the boss at 51% and the other 49. Who pays what, who can live there, what happens in a fire death divorce disaster, marriage, when can you sell, who decides on tenant or the contractor to replace the roof, how long will you be partners, what is the exit plan?