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House ownership question
Puddylove
Posts: 507
Forumite
Hi
My partner owns a house which he rents out at present (he stays with a relative).
I've been told that if I buy my own house, and he moves in and pays half the bills, he'd own 50% of my house, as well as all of his own.
We're not marrying.
Is this true? It doesn't seem fair...
P x
My partner owns a house which he rents out at present (he stays with a relative).
I've been told that if I buy my own house, and he moves in and pays half the bills, he'd own 50% of my house, as well as all of his own.
We're not marrying.
Is this true? It doesn't seem fair...
P x
0
Comments
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No it's not true unless his name is on the deeds and you agree to own equal shares or have joint ownership.0
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If he pays half of the bills like food and utilities, he won't gain any rights.
If he pays towards the mortgage, he can build up beneficial rights. He would have to go to court to claim money from you which would cost a lot.0 -
no, it isn't true. However, you could always get a formal cohabitation agreement drawn up to specifically set out that the two of you agree that he will not acquire any interest in the property even if he contributes to the outgoings.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
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So if he pays me 'rent' and we split half the household bills, he could have an interest in the property, unless I get a legal disclaimer.
So if I had a lodger, would it be the same?
P x0
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