Property Agreement For Unmarried Couples
Description
How to fill out Agreement By Unmarried Individuals To Purchase And Hold Residence As Joint Tenants?
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FAQ
Protect yourself and your partner by working with an experienced real estate attorney, who can explain the legal and financial implications of your purchase, draft your cohabitation agreement and outline the pros and cons of various ownership structures.
Generally, an unmarried individual has no right to property that is in his or her partner's name. In the event of a break up, the property goes to the individual who retains legal ownership. For debt, the individuals listed on the paperwork remain responsible for payment.
While an agreement between you and your former partner is the best bet, a partition proceeding is possible if you cannot reach a fair agreement. To do this, you must file a lawsuit against your former partner and schedule a hearing before a judge who will decide how to split the property based on the facts of the case.
Protect yourself and your partner by working with an experienced real estate attorney, who can explain the legal and financial implications of your purchase, draft your cohabitation agreement and outline the pros and cons of various ownership structures.
Living together with someone is also sometimes called 'cohabitation'. A cohabiting couple is a couple that lives together in an intimate and committed relationship, who are not married to each other and not in a civil partnership. Cohabiting couples can be opposite-sex or same-sex.