Legal Question in Real Estate Law in New York
selling home/non marital breakup
I have been living with my boyfriend for two years. Last year we built a home
together, and now I realize it was a huge mistake. I would like to sell it, but I
know he's going to demand extra money from the sale for various
''improvements'' that we both paid for. The home was built for 168,000 but is
assessed for $260,000. I know I need a lawyer, but what are my rights as a
co-owner of a home? And how do I get out of this without it getting truly
nasty, as I don't want that to happen. We own the land and the home on
paper equally. Thank you
2 Answers from Attorneys
Re: selling home/non marital breakup
I concur with Mr. Moulinos.
Re: selling home/non marital breakup
It depends how you are listed on the deed to the property. If you are down as tenants in common, or joint tenants, it is presumed you are 50-50 owners and can equally disburse the proceeds at closing. However, if he raises additional issues pertaining to contribution towards expenses, you will have to sort through that.
In any case, you should get a lawyer to help you in this task sooner rather than later. Feel free to contact me should you have any additional questions.
Kind regards,
Peter Moulinos