In my years of experience I’ve watched family members, brothers and sisters, parents and children, boyfriends and girlfriends, teammates and others, purchase properties, and then have their relationships deteriorate. They all said, in the beginning, “a breakup is not in our future”. Unfortunately, I have watched Courts supervise many breakups later on.
Are you thinking of buying a property, either house or condominium, with a partner? You should strongly consider a written agreement before you go looking for the property.
Whether two, three or more of you want to buy, live in, renovate, tear down or just buy and hold, for whatever purpose you might have, a written agreement ought to be an essential part of your purchase.
Please put something in writing, dated and signed by all parties, which outlines your agreement. I can help you draft such an agreement to include all of the important necessities. Plan for all possible scenarios before you make a purchase. You’ll be glad you did.