Legal Question in Real Estate Law in Washington

property agreement or promissory note

Hi, I just recently sold my family home and purchased another home with my partner. I would like to find the correct legal letter to document both of your down payments. Is the document used for this real estate contract called a promissory note? What is the correct promissory note? Both of us put 60% down on this home together. I'm concerned because I paid eighty percent and he paid the other twenty percent of the total amount of down payment. Washington State is a community property state even if a couple is not married. We both have agreed to have legal documentation regarding how much each of us have paid towards the down payment. Thank you for your time.


Asked on 8/03/04, 12:54 am

1 Answer from Attorneys
Bruce Busch Bruce R. Busch, Attorney at Law

Re: property agreement or promissory note

I suggest you consult with an attorney on this one. You probably want a Cohabitation Agreement that spells out who owns what share of the property. You can probably plan on spending about $300-600 on such a document.

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Answered on 8/03/04, 3:32 am


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