Legal Question in Real Estate Law in Texas

Verbal agreement on sale of property

I ''bought'' a house with my partner, but his name is the only one on the deed and the mortgage is in his name. We have a verbal agreement that we will split the sale profits. I have been paying on the mortgage every month, and I have paid my half of the property taxes each year. Is the verbal agreement enforceable? Many people know about the agreement; they have heard us discuss it in front of them. I have receipts for property taxes and mortgage payments. We have legal documents covering power of attorney and medical directives for each other. We have shared bank accounts. Any advice would be helpful!


Asked on 7/05/06, 6:34 pm

1 Answer from Attorneys
Dinesh Singhal Singhal & Associates

Re: Verbal agreement on sale of property

Yes, your verbal agreement in the given circumstances can be enforced to protect your rights. Even though real estate agreements have to be in writing, there is a exception to the general rule that may apply to your situation. You can file a suit to declare your interest, recover your damages, and possibly to get an injunction to stop your partner from selling the property against your intests.

Dinesh Singhal

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Answered on 7/05/06, 9:20 pm


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