Partner and I bought a property for £Z.
I paid X% and he paid Y%.
We are both unmarried.
In our declaration of trust, it states that should we sell, net proceeds up to £Z will be split X%/Y%.
And as we are equally responsible for the upkeep and additions to the property, for each pound above £Z it will be shared equally.
Does this sound fair?
The exact % we agreed on in the declaration is not exactly the same % we each paid when we bought the house (Long story....).
It ended up with him £8,000 better off straight away.
Now, he says that since he works shift and can be at home during the week to supervise when the builders are around, he should get more than 50% of the gain even if we pay the same amount for the additions.
I work weekdays so cannot be around, but If I am at home during the weekend and the builders are around, I would never think to myself that I should get anymore than 50/50.
What are your thoughts?