Ottawa Divorce .com Forums


User CP

New posts

Advertising

  Ottawa Divorce .com Forums > Main Category > Divorce & Family Law > Common Law Issues

Common Law Issues The law regarding common law relationships is different than in cases of divorce. Discuss the issues that affect unmarried couples here.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 02-24-2009, 07:17 PM
Junior Member
 
Join Date: Feb 2009
Posts: 9
Helpj is on a distinguished road
Default home equity split

My girlfriend and i bought a house together prior to even living together, but we have a child together, so we became commonlaw right away. I put down 10,000$ more than she did on the house, but both of us have our names on the mortgage.
When we separate, do we split the equity of the house equally, or do I get a higher proportion since I put more money in when we bought it (before we were even common law)????
Thanks for all your input! I love this site.
Reply With Quote
  #2 (permalink)  
Old 02-24-2009, 08:27 PM
dadtotheend's Avatar
Senior Member
 
Join Date: Jul 2007
Location: Toronto
Posts: 3,639
dadtotheend will become famous soon enoughdadtotheend will become famous soon enough
Default

Quote:
Originally Posted by Helpj View Post
My girlfriend and i bought a house together prior to even living together, but we have a child together, so we became commonlaw right away. I put down 10,000$ more than she did on the house, but both of us have our names on the mortgage.
When we separate, do we split the equity of the house equally, or do I get a higher proportion since I put more money in when we bought it (before we were even common law)????
Thanks for all your input! I love this site.
You will get your $10k more than she did, but you will split the growth in equity from purchase date.
Reply With Quote
  #3 (permalink)  
Old 02-25-2009, 12:31 AM
Member
 
Join Date: Oct 2008
Location: Toronto
Posts: 49
metro is on a distinguished road
Default

If they live in the house for long enough, won't it be regarded as a matrimonial house? if so, he won't get much chance to get his down back....unless they have a contract.
Reply With Quote
  #4 (permalink)  
Old 02-25-2009, 06:36 AM
dadtotheend's Avatar
Senior Member
 
Join Date: Jul 2007
Location: Toronto
Posts: 3,639
dadtotheend will become famous soon enoughdadtotheend will become famous soon enough
Default

They are common law, not married.
Reply With Quote
Reply

Tags
common law, separation


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Access to family Home by ex spouse who does not live here! ANewLife Divorce & Family Law 8 02-17-2009 10:33 AM
Common Law Seperation: Dealing with Home Equity tp003 Divorce & Family Law 1 09-19-2008 02:01 AM
Another Alberta question re: home equity retireat50 Common Law Issues 2 07-03-2008 01:57 PM
Common Law Home Equity BestDad Common Law Issues 9 08-12-2007 08:34 PM
Home Equity or RRSP for equalization? hubby Financial Issues 2 01-05-2006 09:23 AM


All times are GMT -4. The time now is 02:45 PM.