Structure Co-ownership Section Review

In this section, you looked at how to structure your co-ownership arrangement. You now appreciate that this starts with two decisions:

✅ How to take and hold Title to the property

✅ Division of ownership interest between co-owners

Many co-buyers and co-owners overlook or over complicate this decision. Of course, there are other routes, but most are not appropriate for residential co-ownership because of consequences where a mortgage is involved.

Co-buyers must inform their deal team how they intend to take and hold Title before closing on a home. Based on your preferences and circumstances, you’re ready to discuss the matter with your co-buyer(s), and you’ll be prepared in advance.‍

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Recommended Reading‍

CoBuy Blog: Splitting co-ownership

CoBuy Blog: Co-ownership Agreements‍

CoBuy Blog: LLCs‍

CoBuy Blog: Unmarried couples