What is the correct way to settle the sale of a home in both my name and my ex-boyfriends name?

Full question:

I seperated from my boyfriend of 6 years. Both our names are on the title and mortgage. We are not married. Do I have legal rights to half of the proceeds if the home is sold? How is this determined, and what are my rights? Do I have to pay him half of what I collect from renters if he left me? What if we are both paying the mortgage? Is he considered to have abandoned the property?

  • Category: Real Property
  • Subcategory: Sales
  • Date:
  • State: Arizona

Answer:

Generally, when property is sold, the co-tents share the proceeds equally. However, other considerations may apply.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

If you split up and are not married, property ownership is typically determined by how the property is titled. If both partners are on the title, they usually share the proceeds from any sale. However, each situation can vary based on agreements made or contributions to the property. It's advisable to consult a legal professional for specific guidance.