So the girlfriend and I have split after about 4 years. We have a house together. She doesn't want to sell it, she wants to keep it. Both of our names are on it. I have moved out since. Nothing has been done as of yet. I've asked her to go through the motions in having my name removed from everything. Now I signed a thing from the Realty lawyer that if anything happen, like a split, that I would only receive 1%. Why, because she had a house previously that she sold and used the equity from that house to help purchase this one. My share was basically 1%.
Now with all that said, the house has increased in value significantly and we have done some renos to the house to increase the value as well. Am I entitled to my 1 % and the difference in equity from the original purchase price. So if she has to buy me out, is all she required is to pay me the 1% of what we bought the house for?
I'm looking for any advice or knowledge on what to expect. Thank you very much in advance.
Now with all that said, the house has increased in value significantly and we have done some renos to the house to increase the value as well. Am I entitled to my 1 % and the difference in equity from the original purchase price. So if she has to buy me out, is all she required is to pay me the 1% of what we bought the house for?
I'm looking for any advice or knowledge on what to expect. Thank you very much in advance.
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