05/16/2023
Each spring, the Real estate market tends to pick up. The experience of buying your dream home can be very exciting! However, after negotiating a price, coming up with a down payment, and arranging a mortgage, you may be left wondering where this may leave you in the future.
It is important to consider whether a supplementary Agreement between you and your co-owner(s) may be necessary to help set out and protect everyone’s interest in the new property. Such an Agreement can help shelter everyone from the storm that may arise if there is a dispute about how the net proceeds or equity will be allocated when the property is sold or transferred later on.
As Real Estate law and Family law are often intertwined, it is especially important when purchasing a property with others to inform yourself in advance about each individual’s potential rights and obligations. Whether you are married, a common law spouse, a friend, or a parent going on title with someone, we are here to advise you.
