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Homeownership for Unmarried Couples

When two adults decide to dive into property ownership together – be it their first home, an investment property, or a trendy vacation spot – they often find themselves pondering the seemingly complicated question of how to co-own it. While marriage can make this decision a no-brainer for some, unmarried couples face a unique set of choices and challenges. In this blog we will help navigate homeownership for unmarried couples, by breaking down the different ways non-married couples can tackle property ownership and the potential roadblocks they might encounter.

Joint Tenancy: Equal Partners

Picture this: You and your significant other decide to take the plunge and co-own a property. Joint tenancy is a popular option. It’s like having an equal stake in your favorite streaming service. In the unfortunate event that one of you faces life’s unpredictable curveballs, the survivor automatically inherits the other’s share of the property.


  • Fair and square ownership.
  • Smooth transition if one partner’s journey takes an unexpected turn.
  • Both of you are financially protected.


  • Requires a strong bond of trust and commitment.
  • Breakups can get messy when you can’t agree on what to do with the property.
  • If one of you racks up hefty debts or faces legal trouble, the property might be at risk.

Tenancy in Common: Tailored Ownership

Alternatively, you could choose tenancy in common. Each partner can own a different percentage of the property, reflecting their financial contributions. Unlike joint tenancy, there’s no automatic transfer of ownership in the event of an unfortunate passing. Instead, their share goes to their heirs, not their partner.


  • Allows for ownership percentages that match your financial contributions.
  • Offers more flexibility than joint tenancy.
  • Safeguards each partner’s rights to their share.


  • Potential for disputes over property management and decision-making.
  • No automatic transfer of ownership.
  • Finding a buyer if one partner wants to sell their share could be a challenge.

Navigating the Risks

No matter which co-ownership method you choose, it’s crucial to consider these risks and safeguard your interests:

  1. Legal Agreements: You might want to consider drafting a cohabitation agreement or partnership agreement that covers property management, expenses, and what happens if the relationship hits the pause button or one partner decides to eject from the property.
  2. Estate Planning: Address what occurs if one partner faces an unexpected plot twist. Create wills and designate beneficiaries to ensure your property ends up in the right hands.
  3. Transparent Finances: Keep clear records of financial contributions and have open conversations about who pays for what and how property responsibilities are divided.
  4. Professional Guidance: Consult with legal and financial experts to understand the legal and tax implications of your chosen co-ownership structure.

In a nutshell, navigating homeownership for unmarried couples comes with its own set of rules and challenges. Thoughtful planning and open communication can help you dodge the pitfalls and ensure both partners are secure.


Buying 'n' Selling, federal title, first time homebuyer, homebuyers, homebuying, Homeowners, real estate, Tips or Advice