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You are here: Experts > Real Estate > Apartment Living/Rental > Real Estate Law (esp. Landlord-Tenant) > Property agreement
Expert: Jonathan Dever, Esq - 8/4/2008
Question
My fiance and I have selected a house to purchase and have decided to include only her on the mortgage. We chose this for two reasons, one for the lower interest rate and two so we could more easily get a second mortgage for home renovations. We both want to be on the title but if something were to happen and we broke up or one of us died what type of contract would we need to draw up so that we are each financially responsible for a half of the house? We will each pay half the payment upon moving in?
Answer
What you are likely asking is an estate planning and/or asset protection question. These I do not answer without the client first completing a questionnaire. Estate planning is complicated and requires a full inventory of your assets, goals and objectives.
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