Unmarried couples may face risks with real estate: Purchase-sell decisions should be worked out at onset of transaction.

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  • Author(s): Daniel, Katie
  • Source:
    Journal of Business (1075-6124). 7/18/2024, Vol. 39 Issue 15, pB11-B11. 1/2p.
  • Additional Information
    • Subject Terms:
      UNMARRIED couples; REAL property; MARRIAGE; HOUSE buying; FINANCIAL risk
    • Abstract:
      The article presents the discussion on exploring the legal and financial risks of purchasing a home with a partner outside of marriage, emphasizing the potential complications without a formal contract. Topics include legal uncertainties of co-ownership for unmarried couples, the financial implications of refinancing when co-owners separate; and advice on planning and alternatives to mitigate risks in property ownership.