Comments on: Tenancy In Common Unforseen Problems http://www.bargaineering.com/articles/tenancy-in-common-unforseen-problems.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 22:21:00 +0000 hourly 1 By: Carrie http://www.bargaineering.com/articles/tenancy-in-common-unforseen-problems.html/comment-page-1#comment-11199 Carrie Wed, 05 Jul 2006 01:22:12 +0000 http://www.bargaineering.com/articles/?p=224#comment-11199 This article neglects to mention than tenancy in common doesn't have to be 50-50. Owners can divide their shares however they want. I recommend visiting Wikipedia.com for definitions of different types of titles. Also NOLO.com offers do-it-yourself legal forms for unequal ownership of a house. You can start with those and then have a lawyer review them. This article neglects to mention than tenancy in common doesn’t have to be 50-50. Owners can divide their shares however they want. I recommend visiting Wikipedia.com for definitions of different types of titles. Also NOLO.com offers do-it-yourself legal forms for unequal ownership of a house. You can start with those and then have a lawyer review them.

]]> By: X http://www.bargaineering.com/articles/tenancy-in-common-unforseen-problems.html/comment-page-1#comment-656 X Thu, 14 Jul 2005 15:33:11 +0000 http://www.bargaineering.com/articles/?p=224#comment-656 I was in this situation a few years ago-- bought with a partner, 50/50, then we split up at a point where the value of the apartment had increased a lot. Fortunately things worked out because my ex refinanced and with some help from a parent, was able to buy me out and stay in the apartment. But it was an emotional minefield, and tempting as it is to want to share housing costs, I would not do it again. Or if I did, I would do it with some sort of pre-nuptial agreement about how things would be handled in the event of a breakup. Even if it's just friends, better to lay everything out in a contract beforehand. I was in this situation a few years ago– bought with a partner, 50/50, then we split up at a point where the value of the apartment had increased a lot. Fortunately things worked out because my ex refinanced and with some help from a parent, was able to buy me out and stay in the apartment. But it was an emotional minefield, and tempting as it is to want to share housing costs, I would not do it again. Or if I did, I would do it with some sort of pre-nuptial agreement about how things would be handled in the event of a breakup. Even if it’s just friends, better to lay everything out in a contract beforehand.

]]> By: jim http://www.bargaineering.com/articles/tenancy-in-common-unforseen-problems.html/comment-page-1#comment-648 jim Wed, 13 Jul 2005 19:57:42 +0000 http://www.bargaineering.com/articles/?p=224#comment-648 Yes, definitely get a lease written up so you both know exactly what you expect from each other. Plus, if he seriously accidentally (or purposefully) screws something up, you are protected. If he rents from you, then it wouldn't be a tenancy in common, it would just be you owning it and him being a renter. Yes, definitely get a lease written up so you both know exactly what you expect from each other. Plus, if he seriously accidentally (or purposefully) screws something up, you are protected.

If he rents from you, then it wouldn’t be a tenancy in common, it would just be you owning it and him being a renter.

]]> By: Perry http://www.bargaineering.com/articles/tenancy-in-common-unforseen-problems.html/comment-page-1#comment-647 Perry Wed, 13 Jul 2005 19:46:37 +0000 http://www.bargaineering.com/articles/?p=224#comment-647 Exactly what my roommate and I are discussing. I feel that I should front all of the money and he will jsut pay rent to me so that when I want to sell I can and do all the repairs myself unless he f's something up. Should I write up a lease agreement anyway? Exactly what my roommate and I are discussing. I feel that I should front all of the money and he will jsut pay rent to me so that when I want to sell I can and do all the repairs myself unless he f’s something up. Should I write up a lease agreement anyway?

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