Breaking Up Real Estate Is Hard To Do. A Cohabitation Agreement Can Help

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Buying real estate with someone other than a spouse can be a costly mistake. A cohabitation agreement will make it easier if the relationship goes south.

Buying real estate with someone other than a spouse can be a costly mistake. If you are married and split up, you have rights that are addressed in the divorce process. However, if you are not married and no longer see eye to eye, you are going to need to resolve the issues on your own or hire an attorney. You may need to go to court in order to get the house sold and recoup your money.

• Down Payment – Decide how much each of you will contribute to the down payment and who gets it back if the property is later sold. • Liabilities – You need to think about whose name will be on the mortgage and who will make the monthly mortgage payments.

 

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Need to find her soon, I guess.

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