My husband inherited 75% of his grandmother's house. His mother got the other 25%. He is also executor of his grandmother's will.. We have lived in the house for the past 3 years since his grandmother died. He grew up in the house because his mother severely abused him when he was a child, and his grandmother was given custody. He was told last week by an attorney that he has to start paying his mother $1,000/month or he will forfeit the house. Can he pay his mother off with a 1099-A? She deserves nothing, but...
Sorry this is late. But....
Not very many places in the US can demand rent of $4000 per month. I say that because if your husband owns 75% of the property and the other party owns 25% of the property, and is demanding $1000/month for rent then that would equate to a total potential rental amount of $4000/month.
It is only reasonable if the other party requests a rental amount that is of fair market value for the property to be rented. So....if your home is a 3 bed/2 bath and rentals in the area go for $1200/month than the other party would get $300/month (25% of 1200). All this makes the $1000/month an unreasonable demand.
All that being said, I'm hoping you and your husband were not kicked out of your home. A conditional acceptance is definitely where you can take care of things once and for all. Watch the videos, download the example and customize it for your needs.
I wish you all the luck in the world.