Agreement Division Property With Tenants
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FAQ
Hear this out loud PauseWhen a landlord plans to sell a rental property, the tenancy continues. The landlord cannot end a tenancy because they want to sell a rental unit.
What is a common law spouse entitled to in Alberta? In Alberta, common law partners that qualify as Adult Interdependent Relationships are entitled to spousal support, property division and an inheritance in much the same way as a married spouse would be.
Hear this out loud PauseThe most recognized form for a married couple is to own their home as Tenants by the Entirety. A tenancy by the entirety is ownership in real estate under the fictional assumption that a husband and wife are considered one person for legal purposes. This method of ownership conveys the property to them as one person.
Hear this out loud PauseHow is property divided when a common-law relationship ends? If your separation qualifies under Alberta's Family Property Act, the property is divided the same way that married couples divide property, which is subject to a 50/50 division of all assets and debts.
Hear this out loud PauseThe minority owner CAN force a sale against the will of the majority owners. The law allows any co-owner to facture the joint ownership via a partition action. Yes! In most cases, ANY co-owner (even a minority owner) can force a sale of the property regardless of whether the other owners want to sell or not.