I am investing time ,effort ,goodwill and money in arranging a house-mortgage,in UK, in two other names of my friends.I will be responsible for maintaining,letting and generally managing the property on a long term basis and build-up a portfolio.I wish to have a legal say in all these day- to-day matters ,and also in any future decisions to operate and liquidate the portfolio to share the profits .I was advised that I can get one trust deed made and signed by all of us towards this end.Suggestions are welcome.
2007-08-08 00:28:45 · 3 answers · asked by Commander Rao 1 in Business & Finance ➔ Renting & Real Estate
This is no small undertaking, I would suggest you stop trying to do it on the cheap and engage the services of a solicitor/lawyer.
2007-08-08 00:34:15 · answer #1 · answered by Ron S 5 · 0⤊ 0⤋
Consult with a solicitor. This isn't something you want to mess with by using some internet freebie!
You're considering an investment of tends or possibly hundreds of thousands of £ and you are wishing to avoid a few hundred quid for proper legal advice? I'm sorry but that is just NOT very smart!
2007-08-08 07:37:24 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
you need to take investing buisness way serious, here in US there are people who can run off with your stuff.
2007-08-08 07:42:17 · answer #3 · answered by akoon 2 · 0⤊ 0⤋