Asked by Anonymous
I just bought a condo jointly with my brother. We verbally agree on a sharing ratio 2:1. My understanding on the arrangement is capital expenses and investment will be shared 2:1 and running expenses to be share equally. However, my brother thought is everything will be shared 2:1. This was something we did not communicate and think of before entering to the S&P. We started to pay for maintenance fee recently and we found that we have misunderstood on that thought. I thought the maintenance fee should be shared equally as it is a running expenses. However, my sister claims that is unfair as her share should be 2:1. Please advise what is the norm practice for sharing such expenses. Thanks.
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