Legal Question in Business Law in California
i am 1/8 owner of industrial property and i need money. The property is rented and a property management company handles it. There is an excess of money in the cash account. How can they be made to distribute the money?
Asked on 1/19/17, 7:40 pm
2 Answers from Attorneys
That is a very complex question. It depends on how title is held. It depends on any co-ownership agreement. Is there any operating company or holding company such as an LLC that is in place? What does the contract with the management company say? You just aren't going to be able to get a reliable answer to your question in an internet Q&A service.
Answered on 1/20/17, 9:17 am
Keith E. Cooper
Keith E. Cooper, Esq.
You should have an attorney review your documents and assist you with this.
Answered on 2/06/17, 1:48 pm
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