If someone is living together but not married and own a property together, and are separating how do they divide the assets
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If someone is living together but not married and own a property together, and are separating how do they divide the assets
My dad has a long term girlfriend of 10 years.
They love in CT but own a home New
Hampshire together. They are breaking up but
my dad wants to keep the house in New
Hampshire that they both own. How would they
go about splitting this financially. Would she
have to allow him to buy him out for the going
real estate price? What happens if age isnt
agreeable to this, what legal rights does he
have?
Asked on January 2, 2018 under Real Estate Law, Connecticut
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
If they own propeerty together and are unmarried then they own same as Tenants in Common and each has equal rights to the property. What ever deal that they make between themselves is up to them. Yes, he can buy her out but if the terms are not agreeable to her she has a right to force a sale. I would suggest that Dad have a talk with a local lawyer. Good luck.
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