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Commencement of the co-ownership

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Assume 50/50 ownership of property of Tim and Chris

Tim is the co-owner in occupation, having ousted Chris from the commencement of the co-ownership

Total market rent for property would have been $200,000

Tim spends $500,000 to improve the property (increasing its value by $300,000)

Property sells for $2M

How is the $2M divided by the Court (assuming Tim and Chris each want to maximise their share)?

Reference no: EM132403868

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