Three sisters have inherited a summer vacation home. We are trying to figure out a fair way to divide the time, responsibilities and expense. One sister lives nearby it and ends up doing more maintenance and opening and closing in the spring and fall.

One Response to “How do people share vacation homes and expenses with others?”

1. aint_no_stoppin_us on March 21st, 2009 3:31 pm

   Figure out how much time and money each is spent by each person then give appropriate ownership in that property e.g. 30/30/40.

   Alternatively, you can keep equal ownership but track all time and money spent during the year and ‘true-up’ at year end i.e. exchange money between parties to ensure that all 3 have paid equal expenses. For time spent, you can set a an hourly ‘wage’ associated with hours worked on the house.

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