Plaintiff
Defendant
Facts: Mr. Rana and Mr. Ali, once friends, disputed ownership of a property in Langley, purchased for $431,500. Rana sought to be the sole owner, claiming Ali was added to the title only for mortgage qualification. Ali claimed they intended to be 50/50 partners for a short-term investment.
Issue: The central issue was whether Mr. Ali should be recognized as a 50/50 partner in the property or if his name was included on the title merely to assist Mr. Rana with mortgage qualification, thus having no beneficial ownership.
Court's Ruling: The court found Mr. Ali and Mr. Rana to be 50/50 tenants in common, rejecting Mr. Rana’s claim that Mr. Ali was merely assisting in mortgage qualification. The court ordered the property to be sold, with proceeds divided equally, subject to an accounting of their financial contributions.
Costs/Damages: The document did not specify the exact amount of costs or damages awarded. However, it indicated that financial contributions and subsequent adjustments would be accounted for in the distribution of the sale proceeds of the property.
Court
Supreme Court of British ColumbiaCase Number
S247430Practice Area
Real estateAmount
Winner
DefendantTrial Start Date
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