Frequently the single most important financial transaction most people make in their lifetime will be the purchase of their property. Extreme care must be taken over such transactions and cohabiting partners must give careful consideration to what will happen to their respective interests in the property and address the unthinkable; what happens if the relationship breaks down and they fall out over what they do and not do not own?
Some of the issues that need to be considered include:-
These matters can be best dealt with by entering into a Deed of Co-ownership. Parents might have something similar drawn up if they are providing funds for their child to purchase a property for example.
For further information please contact Leon Kaye Solicitors, Tel 020 7 228 2020 or 020 7 095 0930 or email firstname.lastname@example.org