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

AUGUST 11, 2022

If you own the home with your spouse or partner, the process is relatively straightforward when both parties are available to sign all of the documents involved in the sale process. In general, selling a marital home requires the agreement and cooperation of both spouses. You may be able to compel a sale. Single Family Homes.

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

Windemere Buying

NOVEMBER 21, 2022

The following homeownership agreements provide alternatives to a traditional home purchase. Rent-Back Agreement. A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. Joint Tenancy. Tenancy In Common.

Rent back

Realtor.com

FEBRUARY 11, 2021

Buying a home makes financial sense only if you’re going to stay in it long enough to recoup your purchasing costs. For instance, if you see a sea of “For Sale” signs in a neighborhood, look elsewhere, advises Alison Bernstein , the founder of Suburban Jungle, a company that helps families find their ideal suburb.

Debt-to-income ratio

Realty Biz

JANUARY 7, 2022

If so, you need to understand the two main ways that people buy property together: joint tenancy and tenancy in common (TIC). For example, joint tenancy is usually used by married couples or cohabiting partners who both want an equal share in the property and want to be able to inherit the other tenant’s share if he or she dies.

Tenancy in common