is it right for me to sign an agreement? or contract? to live in my own land?

Question

my sis. wants me to sign an agreement upon me my mom and my kids b4 we live in our enherited land of my father.'......
her reasons to us....
1. my share to the land is so small
2. the newly built residential building which we hope we can live....... is hers only she finances all the expenses to built the building.

Answer 1

It will depend on the wording of the agreement. She's obviously wanting to do it to protect herself shince she's footing the entire bill for the construction of the building. Makes sense, but like I said, I don't know the exact wording of the contract.

Answer 2

If your sister is financing a building to be built on the land that you all inherited, then yes, it is right for her to ask that you all sign an agreement. She is taking all of the financial risk in building a building, and she needs to get her money back if you guys decide to sell the land or if there is a land dispute/disagreement. Land is worth way more with a building on it!
It is also good to just have an agreement/plan for the division of land so that there will be fewer problems later.
It may be your own land, but it is also your sisters, your moms and whoever else it was left to. You all need to find a good lawyer and financial planner and make a plan as to how this is all going to work out.

Answer 3

That's a tough one. However do you and your Mom partially own the land for the which the building is to be set upon? I think she only wants to be protected from the expenses incurred for the build, should the land be sold or lost.

Answer 4

what state do you live in?
if it was inherited why do you own less?

see a lawyer