Hi, Approximately 4 years ago I purchased a property with 3 close friends in a "tenants in common" arrangement and we are now discussing having my share bought out by my partners. I am seeking general advice and opinion both on the best course of action and how this process is likely to go down. Does this transaction take place similar to a standard property sale or is it more similar to refinancing the property? Does the transaction essentially end up being they pay me the difference between the "sale price" and the mortgage, divided by 4? Is stamp duty payable? Also, prior to this option being discussed, we had been attempting to sell the property for the past 6-9 months through a real estate agency which is owned by 1 my fellow co-owners. He believes they are entitled to some payment (ie commission) for the time spent attempting to sell the property (the other 2 co-owners also work for said real estate agency and engaged in the attempts to sell including several open homes). Is this reasonable? I am willing to deduct something off the amount I receive to allow for this regardless of whether I am legally obliged to as he is still a friend of mine and the 3 of them did appear to try very hard to sell the property. However, it is my understanding that without making the sale we as a syndicate aren't obliged to pay the firm anything? What are the legal and ethical implications of this situation? All thoughts, opinions, idle speculation and criticism is welcomed.