MarketPR
A couple in their early 50s offered to purchase a $300,000 apartment for the partner's parents and extend occupancy at below-market rent, on the condition that the couple retained title.
The parents rejected the structure and demanded an outright cash transfer of the same amount, a shift that has exposed a wider disagreement over what the family's underlying property is actually worth.
The valuation gap is doing a lot of work here.
The parents own a house they occupy partly in a basement unit that does not meet legal apartment standards, renting the main floor while carrying both a mortgage and a home equity line of credit.
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