One Reason To Use Tenants-In-Common Agreement
Tenants in Common.
If you are representing unmarried buyers purchasing a house together, please advise them to enter into a tenants-in-common agreement so that the rights and obligations of each buyer is set out — particularly if the couple breaks up rather than marries, one buyer becomes disabled and can’t pay his/her share or a joint child enters the picture.
I spend a lot more time getting people out of joint ownership than helping them draft agreements to enter into joint ownership. Married couples have family court in which to duke out their property disputes. Unmarried co-owners do not.