Redfin

JUNE 10, 2025

You’ll not only be sharing a living space with this person, but finances and responsibilities as well. Decide how to split ownership While there are several ways to divide property ownership, these are the two most common: Joint tenancy : This legal arrangement gives each owner equal rights and responsibilities for the house.

Purchase and sale agreement

Redfin

JULY 17, 2025

Discuss your finances 3. Discuss your finances It’s essential to be transparent about your finances, especially as an unmarried couple buying a home. Who will be on the mortgage application Once you’ve reviewed your finances as a couple, you’ll need to decide who will apply for the mortgage. Understand the legalities 5.

Purchase and sale agreement

HomeLight

APRIL 29, 2022

Here are a few of the most common types of home co-ownership scenarios , along with how each situation could affect your sale: Tenancy in Common. A tenancy in common is one situation where multiple people can own the same home. You also don’t have to be married to enter into tenancy in common.

Tenancy in common

Windemere Buying

JULY 19, 2021

Before you purchase with a co-buyer, work with a real estate attorney to flesh out the details of the agreement including the distribution of shares, the responsibility of each party for the down payment and subsequent mortgage payments, and the home’s title. There are two main options for taking title to a home with a co-buyer.

Tenancy in common