Pilka & Associates, P.A.

Call for a Consultation:863-236-9321

Main Menu

When unmarried couples buy homes together

Today, many Florida couples are choosing to live together instead of getting married. While some do so as a stepping stone on the way to eventual marriage, others just don't feel like tying the knot. Some of these couples decide to purchase homes together, and there are reasons why they might not want to do so.

When a married couple buys a home, the home will be considered to be part of the marital estate. This means that it will be subject to property division under state law. When a couple is unmarried, they do not have the same legal protections as married couples do if they later split. This means determining how to divide a home that is jointly owned by unmarried partners may be very complicated.

Some couples instead choose for only one to secure a mortgage and buy the home in his or her name only. If the couple then assigns the other partner to pay a fair rent, then the interests of both can be protected if they split. In that scenario, the purchasing partner can keep the home and the other partner can enjoy the benefit of having a rent at the fair market value.

Hillsborough County property division attorneys may help their unmarried clients with drafting cohabitation agreements. These agreements may be useful in protecting a person's rights and interests if the relationship later sours. A person may want to outline the responsibilities held by each partner for a home purchase in the agreement. This might include the percentages each will pay for the property taxes, mortgage insurance, maintenance costs and mortgage payments. It might also address how the house will be handled in the event that the couple later decides to go their separate ways.

No Comments

Leave a comment
Comment Information

Initial Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Locations

Pilka & Associates, P.A.
213 Providence Road
Brandon, FL 33511

Phone: 863-236-9321
Phone: 813-653-3800
Fax: 813-651-0710
Brandon Law Office Map

Lakeland Office
256 North Kentucky Avenue
Lakeland, FL 33801

Phone: 863-236-9321
Phone: 863-687-0780
Lakeland Law Office Map

Phone Numbers

Local Number 863-236-9321

Local Number 863-687-0780

Fax Number 813-651-0710

  • Proud to Support our Troops
  • bbb accredited business
  • a plus
  • The Greater Riverview | Chamber of commerce
  • LakeLand | Area Chamber of Commerce
  • Naela | National Academy of Elder Law Attorneys, Inc.
  • BNI
  • brandon chamber of commerce