North Carolina § 41-85 Rents and profits from property held as cotenants

North Carolina Statutes

§ 41-85 — Rents and profits from property held as cotenants

North Carolina·Ch. 41 Estates·Art. 7 Tenancy in Common

(a)Cotenants share proportionally in the rents and profits of the property received from third parties according to their respective interests in the property.

(b)If a tenant in common has received more than that tenant in common's share of the rents and profits from the property, a cotenant may bring an action for an accounting to recover the cotenant's share of the rents and profits. (2024-47, s. 1.)

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(a) Cotenants share proportionally in the rents and profits of the property received from third parties according to their respective interests in the property.
(b) If a tenant in common has received more than that tenant in common's share of the rents and profits from the property, a cotenant may bring an action for an accounting to recover the cotenant's share of the rents and profits. (2024-47, s. 1.)

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