Brooklyn, NY asked in Contracts and Real Estate Law for New York

Q: How would I arrange a Tennants in Common situation to jointly buy a home with several people?

What type of real estate agent would I need? What type of lawyer would I need?

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1 Lawyer Answer
Elaine Shay
PREMIUM
Elaine Shay
Answered
  • New York, NY
  • Licensed in New York

A: It is important that you retain an attorney that is well-versed in forms of propery ownership to confer with you about the form you ownership you mentioned. For example, it may be more advantageous to own the property as an LLC with an operating agreement that provides for addressing common disputes that may arise in the future.

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