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Old 08-08-2020, 01:18 PM   #62
September
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Join Date: Nov 2012
Location: Wolfeboro
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I'm one of three siblings who inherited family camp after parents passed. It's been 11 years and we have shared it quite amicably. Two of us use it all summer and one might spend a weekend now and then, so we split the taxes, insurance and any MAJOR repairs (new roof, new septic) 3 ways. The day-to-day stuff are shared by the two of us who do use it. And while this isn't in anything written/legal, our parents asked us before they died to plan for an eventuality of one or two wanting to sell and one or two wanting to keep. They had us promise (verbally) that there would be two appraisals completed, and averaged to one price. The the buyer(s) would be able to buy out the seller(s) at half of that price. So it depends on your relationship with your brothers, I guess. We are very fortunate to have the property still in the family; none of us would ever be able to afford to buy. I'd keep it.

Last edited by September; 08-08-2020 at 01:31 PM. Reason: I hit "send" prematurely. Sorry.
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