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comment How to divide a property investment company / portfolio fairly
If the business is created as a partnership then it is a 50/50 split by default. There would be no ownership shares, thus nothing to dilute. There doesn't seem to be a lot of hidden liability to worry about since you are already planning on covering the mortgage anyway. Maybe an agreement that he cover non mortgage liabilities, and you cover mortgage related ones? Other than that I agree with TimJ's answer, this sounds very one sided against your interests.
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