What is the name of your state? MD
How long do heirs that don't live on the property have before requesting rent be paid if half of the heirs lived on the property? Does there come a time when too much time has passed?
In trying to settle an estate, we took the approach that since rent was never requested the easiest thing to do is to take the expenses for the past however many years and split them in half. We look at it as one heir living off property would have only collected half a rent amount anyhow because the one heir living on property wouldn't have given their rent portion to the other. At the same time, the heir living off property would have been responsible for half the expenses...something they never paid on.
Is it not as simple as we are seeing it? One heir never paid rent so they would only get half their expenses back while the other heir never paid on expenses so it would be like a wash wouldn't it since there is no rent agreement to even go on?
How long do heirs that don't live on the property have before requesting rent be paid if half of the heirs lived on the property? Does there come a time when too much time has passed?
In trying to settle an estate, we took the approach that since rent was never requested the easiest thing to do is to take the expenses for the past however many years and split them in half. We look at it as one heir living off property would have only collected half a rent amount anyhow because the one heir living on property wouldn't have given their rent portion to the other. At the same time, the heir living off property would have been responsible for half the expenses...something they never paid on.
Is it not as simple as we are seeing it? One heir never paid rent so they would only get half their expenses back while the other heir never paid on expenses so it would be like a wash wouldn't it since there is no rent agreement to even go on?