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Betrothed or not, co-buyers should be careful when taking title to a new home

Real Estate Practice. However, the property manager has no obligation to the principal to stay informed on market value of the building. Fairness and honesty are always a part of a property manager’s responsibilities as a party of the duty of agency.

Betrothed or not, co-buyers should be careful when taking title to a new home By David W. Myers Cowles Syndicate Inc. November 03, 2017 12:17 PM

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Most married couples take ownership of a new home as joint tenants, but there’s a better way to hold title for co-buyers who haven’t yet ”tied the knot.”DEAR MR. MYERS: My boyfriend and I are.

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It’s usually best for unmarried co-buyers to take title as "tenants-in-common," even if they plan to wed each other soon.. unmarried buyers have special concerns when ‘taking title’ to new home.

Co-buying a home. The decision as to how you’ll hold title is extremely important. It determines who can sign documents and how the property will be transferred in the case of a death of a co-owner. Co-buyers who are not married to each other can share a title as tenants in common (TIC) or as joint tenants with right of survivorship (JTWROS).

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Question: My boyfriend and I are planning to get married next June, but we signed an offer to buy a.

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