pochisoldi wrote:Chrysalis wrote:Radical proposal but...why not keep the property and give her the (net) income it generates? Seems to satisfy all round.
I can see why keeping the income of a property which was part of her settlement (I guess she never actually wanted it, but wanted child maintenance instead?) might not look too good.
How do you split the costs for the children? (Other than their board and lodgings of course). Clothes, kit, school trips, extra curricular stuff, that kind of thing.
So she gets all the income with no effort?
If I were to do that, it would be after deducting a 10 to 15% management fee. If she wants the income without the fee, then execute the transfer.
Carrot and stick.
This would be the last thing I'd recommend to the OP. He needs to get ex-wife out of his hair. This will just keep their lives entangled for years to come and cause grief when it is least needed, e.g. what happens if house prices crash, or there's a long void, or if something bad happens (failure to pay rent and difficulty evicting), or if the ex doesn't think the income is sufficient? 15% fee in no way compensates IMO. I'd want 50% probs.
EDIT: Ah, if it's 15% of the rent that might be sufficient.
GS