Redfin

JUNE 10, 2025

Clear communication, careful planning, and written legal agreements are crucial to avoid financial issues and relationship strain. Friends don’t have automatic legal protections like spouses, so it’s important to create clear, written agreements to help define everyone’s rights and responsibilities and prevent future disputes.

Purchase and sale agreement

Redfin

JULY 17, 2025

Tenancy in common : Each partner owns a defined percentage of the property, which can be equal or different. Sign a cohabitation property agreement A cohabitation property agreement is a legal document that outlines how you’ll handle ownership and responsibilities as unmarried co-owners.

Purchase and sale agreement

HomeLight

APRIL 29, 2022

And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property.

Tenancy in common