Joint Tenant Agreement

Services for Real Estate Pros with McNeal & Douglas, Atty At Law, LLC

I have two couples building a vacation home together, they both want to know who will pay what for the utlities, up keep, appliances, etc., they have asked that our firm come up with an agreement to work this out for them.  I need your input on who should do what.. for instance, couple 1 is in the home 3 week out of the year couple 2 in the home 7 weeks out of the year... do you still split utilities? It isn't the fault of couple 2 that couple 1 didn't make arrangements to be there for the time that was available for them.

(This is the type of questions that I have received from both families.) Suggestions please.

Comments (2)

Mark Organek
And the United States of America - Mesa, AZ
It's not a game, it's your life.

Selena - When we have separate parties purchasing a home together, the percentage of money paid in by each party ultimately determines the percentage of ownership held by each.  I wouldn't set this up as a joint tenant, maybe a tenant-in-common would be better off to protect them from not having the relationship fall apart.

Aug 11, 2008 04:46 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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