Buy a house with both our names on the title and we are not married does that make the house BOTH ours?
2007-01-15 09:38:41 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
we live in canada.
2007-01-15 09:43:51 · update #1
Yes, whomever's name(s) are listed on the deed are the owners. However, depending upon the laws where you live, if something should happen to one of you (i.e. death), it could be very time-consuming and expensive. In some areas, if you own the property like you're describing (i.e. without being married) and one person dies, the other person may still only own half of the property. It would have to go through probate court, if there is inheritance tax, you would get stuck with that, etc. It can be quite a nuisance and expensive. I would suggest calling an attorney or a title company in your area and checking with them about your local laws, just so that you know what you may be in for. Hopefully, nothing would ever happen, but it's never a bad idea to be prepared just in case.
2007-01-15 10:18:52 · answer #1 · answered by Sithein 3 · 0⤊ 0⤋
You need to find out for sure the law in your locality. I would not trust sucn an important decision to folks on here. and 3 years IS common-law married in Texas USA if you cohabitate for that long.
2007-01-15 17:47:43 · answer #2 · answered by justbeingher 7 · 0⤊ 0⤋
Brad B is lying. Don't get married or financially dependant or anyone. Keep your own lives but share them.
Edit:
Yes, whoever's name is on the deed owns the house. You each own half a house. Therefore, if you ever wanted to sell it, he couldn't if you didn't want to.
2007-01-15 17:45:25 · answer #3 · answered by BlondieChicci 2 · 0⤊ 0⤋
You aren't common law at 3 years.
If both of your names are on the title, then the home belongs to both of you.
2007-01-15 17:44:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes. The deed is drawn up so you are joint tenants in common.
2007-01-15 17:42:57 · answer #5 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Yes.
2007-01-15 17:42:45 · answer #6 · answered by ? 3 · 0⤊ 0⤋
I would get married. It will solve tons of issues.
2007-01-15 17:43:43 · answer #7 · answered by Anonymous · 0⤊ 0⤋