IDEA: Shared home ownership - How to calculate percentages?

Asked by Alifer, Las Vegas, NV Mon Mar 18, 2013

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Margaret To, Agent, Henderson, NV
Tue Mar 19, 2013
BEST ANSWER
If you meant co-ownership, then it depends on how you take title to the property. A 'Joint Tenancy' will have equal shares whereas for a 'Tenants in Common', the co-owners can determine and agree on a certain percentage of ownership. I can be reach at 702.280.8859 or via RealEstate.Lasvegas@aol.com if you have other questions.

Margaret
Keller Williams Realty, the Market Place
702.280.8859
RealEstate.LasVegas@aol.com
0 votes
Mack McCoy, Agent, Seattle, WA
Mon Mar 18, 2013
By negotiation.

You should have a written agreement drawn up in case of incapacity of one of the owners. If Bernie falls off a bike and hits his head, his family may claim rights to his half of the property and maybe more.

All the best,
0 votes
David Cooper, Agent, Los Angeles, CA
Mon Mar 18, 2013
The person putting up the cash usually gets the higher percentage.

David Cooper
http://www.lasvegaswinner.org 702.499.7037
0 votes
Rob Flitton, Agent, Huntington Beach, CA
Mon Mar 18, 2013
Unless there is some non-monetary consideration, the ONLY fair way is to match the contribution of equity. Sometimes if the property is being improved/developed, one party may contribute more labor, etc. and this can adjust equity.

http://www.RobFlitton.com
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