Legal Question in Real Estate Law in Wisconsin

Real EstateTitle Co-ownership

Before I could answer your question, I would need to know more about the form of ownership and the co-ownership agreement between the two of you at the time you purchased the property together. "Joint tenancy" and "tenancy in common" are both forms of land co-ownership which can be "50/50," although they can also imply a business partnership. In a partnership, distribution of proceeds of a liquidation would be determined under the Uniform Partnership Act, unless you had a partnership agreement which would trump the act. If this was not a business relationship, a co-habitation agreement can determine property division. If you were married to your partner, family law rules would probably control, which can lean toward a 50/50 division except if gifted or inherited property were used in purchasing the house and property was not later converted into marital property. Family law rules can be altered by a prenuptial or post nuptial agreement. Feel free to send a private e-mail with more detailed information if you would like a specific answer.