Q: How to be legally entitled to 50% of profits on a property my boyfriend owns, but I also pay for the mortgage.
I've lived with my boyfriend for 8 years. We have always paid 50/50 for our living expenses. We have now bought a home, which is solely under his name. We both pay the mortgage. We did this because he has a higher income, and so we could both take advantage of an FHA loan separately. We are not married and I want to know how I can make sure I am legally entitled to 50% of profits on this property if it were to sell or rent out, especially if we were to separate or pass on.
We created an "Agreement for Equal Ownership of a Property" document and both signed it and got it notarized stating the above, but I don't know if this will be sufficient if at any point it needs to get enforced.
Thanks in advance!
A: You probably should hire a family law attorney to prepare a Cohabitation Agreement for you and your boyfriend to sign.
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