Q: If I vacate a home I own with another unmarried person in MI, does that person have gain rights to my share of the home?
We have resided together for 20 years (last 10 in MI where the house is). We own it jointly. I have made all the payments and have proof. If I move out, and continue maintaining the home and paying the mortgage, can the other person gain financially when we finally sell due to my not residing in the home? The word "abandonment" gets thrown around, and I want to ensure that this situation does not equate to any abandonment issues for me if they may come into play.
A:
You do not need to reside in a home to maintain an ownership interest in it.
However the nature of the ownership matters. I would suggest you bring a copy of the deed to a local real estate attorney ASAP to review that and ALL the circumstances.
There may well be issues not obvious from this brief description. To try to provide advice based on such a brief passage would be dangerous.
— this answer is offered for information only and does not constitute legal advice or create an attorney-client relationship. You should seek local legal advice if you have questions.
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