I recently sold my apartment and put the equity earned (over $200,000) toward a new condo unit I own with my partner. My partner — we are not married — is on title, but not on the mortgage. He pays half of all expenses monthly without fail. What would be the best way to document and protect my equity in the event that we split up?
Dear Complicated,
File this under “R” for “real estate” or “R” for “ruh-roh.”
If he is on the title, he should be on the mortgage. It creates an imbalance of power within the property ownership agreement. Not only have you invested $200,000, but you are shouldering all of the risk. If your relationship with this man sours, and he walks away, you will be left to make the payments to avoid losing your home and damaging your credit rating, not him.
What’s more, if you pay the mortgage off, he will still be entitled to his 50% share of the property should you sell it. It’s a win-win for him. You also took $200,000 of your own money and commingled it in a shared asset. It’s a cautionary tale and a textbook example of what to avoid when buying a property with a partner, particularly one to whom you are not married.
I’m assuming your partner had a lower salary and/or credit rating and, for that reason, you decided to put your own name on the mortgage. It’s an unusual arrangement, but one that should — while your relationship is healthy and strong — be addressed. If you put him on the mortgage, you would have to refinance, and rates have likely risen since your purchase.
A កិច្ចព្រមព្រៀងរួម is a wise move for unmarried couples, especially those who own a home. It is a contract — a de facto prenuptial agreement. You both agree to the terms and conditions: What happens to the house if you split up or one of you predeceases the other? Do you sell the property and split the proceeds 50/50? Who, for instance, is your healthcare proxy?
You should specify in that agreement that you both get back what you invested in the home, if your boyfriend has not contributed to the down payment. You can frame the conversation about the cohabitation agreement around your living situation, and include your position on the property you jointly own. As always, have an attorney review anything before you sign.
I wish you many happy years — together — in your new home.
ពិនិត្យមុនពេលចេញ ហ្វេសប៊ុកផេនឃ្វីនឯកជន ក្រុមដែលយើងស្វែងរកចម្លើយចំពោះបញ្ហាប្រាក់ដែលពិបាកបំផុតក្នុងជីវិត។ អ្នកអានសរសេរមកខ្ញុំដោយមានបញ្ហាគ្រប់ប្រភេទ។ បង្ហោះសំណួររបស់អ្នកប្រាប់ខ្ញុំពីអ្វីដែលអ្នកចង់ដឹងបន្ថែមឬថ្លឹងថ្លែងលើជួរឈរចុងក្រោយរបស់ Moneyist ។
អ្នកប្តូរប្រាក់មានការសោកស្តាយដែលគាត់មិនអាចឆ្លើយតបនឹងសំណួរនីមួយៗ។
តាមរយៈការផ្ញើអ៊ីមែលនូវសំណួររបស់អ្នកអ្នកយល់ព្រមនឹងអោយពួកគេបោះផ្សាយដោយអនាមិកនៅលើ MarketWatch ។ តាមរយៈការបញ្ជូនរឿងរបស់អ្នកទៅ Dow Jones & Co. ដែលជាអ្នកបោះពុម្ពផ្សាយ MarketWatch អ្នកយល់ និងយល់ព្រមថាយើងអាចប្រើរឿងរបស់អ្នក ឬកំណែរបស់វានៅក្នុងប្រព័ន្ធផ្សព្វផ្សាយ និងវេទិកាទាំងអស់ រួមទាំងតាមរយៈភាគីទីបីផងដែរ។.
អានផងដែរ:
'ខ្ញុំពិតជាពិបាកចិត្តណាស់'៖ ខ្ញុំបានខ្ចីលុយ 10,000 ដុល្លារពីបងប្រុសរបស់ខ្ញុំជាមួយនឹងគម្រោងបង់ប្រាក់ 200 ដុល្លារក្នុងមួយខែ។ យើងធ្លាក់ចេញ ហើយឥឡូវគាត់ចង់បានលុយវិញពេញ
'ខ្ញុំជាបុរសនៅលីវអាយុ 53 ឆ្នាំដែលមានប្រាក់សន្សំតិចតួចណាស់': ខ្ញុំចង់ដកប្រាក់កម្ចីរយៈពេល 30 ឆ្នាំប៉ុន្តែសងវាក្នុងរយៈពេល 7 ឆ្នាំ។ តើវាអាចទៅរួចទេ?
ខ្ញុំបានទទួលមរតក $130,000 ពីម្តាយរបស់ខ្ញុំ។ ប្តីខ្ញុំនិយាយថាវាជារបស់ខ្ញុំក្នុងការចំណាយ។ តើខ្ញុំគួរធ្វើអ្វីជាមួយវា ហើយហេតុអ្វីបានជាខ្ញុំមានអារម្មណ៍ថាមានកំហុសដូច្នេះ?
ខ្ញុំដាក់ប្រាក់ ២០០,០០០ ដុល្លារសម្រាប់ការបង់រំលោះសម្រាប់ខុនដូជាមួយមិត្តប្រុសរបស់ខ្ញុំ។ គាត់នៅលើប្លង់កម្មសិទ្ធិ ប៉ុន្តែមិនបានដាក់បញ្ចាំទេ។ តើខ្ញុំការពារការវិនិយោគភាគហ៊ុនរបស់ខ្ញុំដោយរបៀបណាឥឡូវនេះ?
សូមគោរពឃ្វីនទីន
I recently sold my apartment and put the equity earned (over $200,000) toward a new condo unit I own with my partner. My partner — we are not married — is on title, but not on the mortgage. He pays half of all expenses monthly without fail. What would be the best way to document and protect my equity in the event that we split up?
ដោយក្តីស្មោះត្រង់,
ភាពស្មុគស្មាញ
Dear Complicated,
File this under “R” for “real estate” or “R” for “ruh-roh.”
If he is on the title, he should be on the mortgage. It creates an imbalance of power within the property ownership agreement. Not only have you invested $200,000, but you are shouldering all of the risk. If your relationship with this man sours, and he walks away, you will be left to make the payments to avoid losing your home and damaging your credit rating, not him.
What’s more, if you pay the mortgage off, he will still be entitled to his 50% share of the property should you sell it. It’s a win-win for him. You also took $200,000 of your own money and commingled it in a shared asset. It’s a cautionary tale and a textbook example of what to avoid when buying a property with a partner, particularly one to whom you are not married.
I’m assuming your partner had a lower salary and/or credit rating and, for that reason, you decided to put your own name on the mortgage. It’s an unusual arrangement, but one that should — while your relationship is healthy and strong — be addressed. If you put him on the mortgage, you would have to refinance, and rates have likely risen since your purchase.
A កិច្ចព្រមព្រៀងរួម is a wise move for unmarried couples, especially those who own a home. It is a contract — a de facto prenuptial agreement. You both agree to the terms and conditions: What happens to the house if you split up or one of you predeceases the other? Do you sell the property and split the proceeds 50/50? Who, for instance, is your healthcare proxy?
You should specify in that agreement that you both get back what you invested in the home, if your boyfriend has not contributed to the down payment. You can frame the conversation about the cohabitation agreement around your living situation, and include your position on the property you jointly own. As always, have an attorney review anything before you sign.
I wish you many happy years — together — in your new home.
ពិនិត្យមុនពេលចេញ ហ្វេសប៊ុកផេនឃ្វីនឯកជន ក្រុមដែលយើងស្វែងរកចម្លើយចំពោះបញ្ហាប្រាក់ដែលពិបាកបំផុតក្នុងជីវិត។ អ្នកអានសរសេរមកខ្ញុំដោយមានបញ្ហាគ្រប់ប្រភេទ។ បង្ហោះសំណួររបស់អ្នកប្រាប់ខ្ញុំពីអ្វីដែលអ្នកចង់ដឹងបន្ថែមឬថ្លឹងថ្លែងលើជួរឈរចុងក្រោយរបស់ Moneyist ។
អ្នកប្តូរប្រាក់មានការសោកស្តាយដែលគាត់មិនអាចឆ្លើយតបនឹងសំណួរនីមួយៗ។
តាមរយៈការផ្ញើអ៊ីមែលនូវសំណួររបស់អ្នកអ្នកយល់ព្រមនឹងអោយពួកគេបោះផ្សាយដោយអនាមិកនៅលើ MarketWatch ។ តាមរយៈការបញ្ជូនរឿងរបស់អ្នកទៅ Dow Jones & Co. ដែលជាអ្នកបោះពុម្ពផ្សាយ MarketWatch អ្នកយល់ និងយល់ព្រមថាយើងអាចប្រើរឿងរបស់អ្នក ឬកំណែរបស់វានៅក្នុងប្រព័ន្ធផ្សព្វផ្សាយ និងវេទិកាទាំងអស់ រួមទាំងតាមរយៈភាគីទីបីផងដែរ។.
អានផងដែរ:
'ខ្ញុំពិតជាពិបាកចិត្តណាស់'៖ ខ្ញុំបានខ្ចីលុយ 10,000 ដុល្លារពីបងប្រុសរបស់ខ្ញុំជាមួយនឹងគម្រោងបង់ប្រាក់ 200 ដុល្លារក្នុងមួយខែ។ យើងធ្លាក់ចេញ ហើយឥឡូវគាត់ចង់បានលុយវិញពេញ
'ខ្ញុំជាបុរសនៅលីវអាយុ 53 ឆ្នាំដែលមានប្រាក់សន្សំតិចតួចណាស់': ខ្ញុំចង់ដកប្រាក់កម្ចីរយៈពេល 30 ឆ្នាំប៉ុន្តែសងវាក្នុងរយៈពេល 7 ឆ្នាំ។ តើវាអាចទៅរួចទេ?
ខ្ញុំបានទទួលមរតក $130,000 ពីម្តាយរបស់ខ្ញុំ។ ប្តីខ្ញុំនិយាយថាវាជារបស់ខ្ញុំក្នុងការចំណាយ។ តើខ្ញុំគួរធ្វើអ្វីជាមួយវា ហើយហេតុអ្វីបានជាខ្ញុំមានអារម្មណ៍ថាមានកំហុសដូច្នេះ?
Source: https://www.marketwatch.com/story/i-put-200-00-towards-a-down-payment-for-a-condo-with-my-boyfriend-he-is-on-the-title-but-not-on-the-mortgage-how-do-i-protect-my-equity-investment-now-11654473452?siteid=yhoof2&yptr=yahoo