I have a question on how to handle home equity in a common law relationship.
Say I owned a home and begin a common law relationship, I understand that unless the name of that person is on the deed they would have no financial interest in the home upon separation... but if that person pays rent for some number of years, they still could make a claim, even more if we get married at some point, unless a cohabitation agreement states otherwise...
I'm trying to find a way to protect my investment in the home while still allowing my common law spouse to contribute to the investment instead of just paying rent to me, which seems fair.
Has anything like this ever been done before? I've read about the moore-marsden calculation where a proportional amount of the equity is calculated based on the initial investment of the original owner spouse and the contirbution by the new spouse.
If a specific method of calculating the distribution of equity is part of a co-habitation agreement, would this stand up? would it survive a marriage?
Say I owned a home and begin a common law relationship, I understand that unless the name of that person is on the deed they would have no financial interest in the home upon separation... but if that person pays rent for some number of years, they still could make a claim, even more if we get married at some point, unless a cohabitation agreement states otherwise...
I'm trying to find a way to protect my investment in the home while still allowing my common law spouse to contribute to the investment instead of just paying rent to me, which seems fair.
Has anything like this ever been done before? I've read about the moore-marsden calculation where a proportional amount of the equity is calculated based on the initial investment of the original owner spouse and the contirbution by the new spouse.
If a specific method of calculating the distribution of equity is part of a co-habitation agreement, would this stand up? would it survive a marriage?
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