Legal Question in Real Estate Law in Florida

real estate

I live in Alabama, about 1.5 yrs ago i purchased a piece of property with a close friend in florida. she lives at the property, makes the payments. i help with taxes and homeowners ins. I did this for investment in the future as she is older then i and needed help with down payment. i need to know where i stand legally on ownership if she dies in debt. can this prperty be attached in anyway ?


Asked on 6/07/07, 9:02 am

2 Answers from Attorneys
Richard Georges Richard M. Georges, P.A.

Re: real estate

Assuming you are both on the title, and hold title as tenants in common, with an undivided 1/2 interest each, her debts would only encumber her 1/2 interest. However, this would make it difficult for you to sell the property.

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Answered on 6/07/07, 9:33 am
Johm Smith tom's

Re: real estate

You should work with your friend and an attorney or two to structure this arrangement to avoid taxes and protect you both.

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Answered on 6/07/07, 12:17 pm


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