Can a Co-Owner Demand Proof Before Crediting Expenses? | NC

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Q: Can another co-owner require bank statements or canceled checks before agreeing to credit property expenses? A: Yes. A co-owner may withhold agreement until reliable records show that the expense qualified, who paid it, how much was paid, and when it was paid. Bank statements and canceled checks are common proof, but they are not the only options. Receipts, loan statements, or invoices paired…