Dual Ownership

[mandiees]

Is it possible to have a dual ownership and have two unrelated parties on a house deed? For example, if a couple, that was not legally married wanted to purchase a home, would they both be able to sign for the home together?

[Oigen]

I think they can, like some sort of partnership. You'd better ask a lawyer though, I'm no expert.

[Orrymain]

oh yes, definitely. My sister and a good friend purchased a home together and were both listed on the deed. I think it's one of those 'joint parties in residence' or something 'joint'. It meant they both had ownership. If one wanted to sell, the other had first dibs on buying their share, or both selling. They had that house for a good five years or so before both were ready to move on to other jobs, I think was the reason. They sold it and the money was split down the middle.

[jhellie_baby]

I think dual ownerships are for those couples who are legally married.