My brother and I own land in Virginia that was gifted to us by our parents. My question is if a large structure is built on land that I own %50, does that building become %50 mine?
My brother and I own land in Virginia that was gifted to us by our parents. My question is can: my brother lease a part of that land without my consent as well as cutting me off from entering that land that I own half?
Me and my sisters want to enter into a coownership agreement over an inherited house from our father. The mortgage is not paid off and I currently have been living in the home since four years before my father died. I want to be at peace with my sisters, but I want to make sure that I have my fair percentage because I am still paying the mortgage and have paid, all the upkeep of the house. I’m in probate court right now and I believe I’m also entitled to a percentage of the estate for doing all of the personal administrative work I paid a probate attorney, but they let me go right after I was granted letters of administration. I’m trying to make sure that I don’t lose my fair share of estate trying to get along with my sisters. And there’s still a substantial amount of debt still owed on the mortgage. Any thoughts?
Great video. Question: if more than one person (2 or 3) are buying a property, would they need to each have their own real estate lawyer to draft an agreement or can they all use the same lawyer?
One lawyer who has experience drafting co-ownership agreements and can represent all parties equally. Otherwise, it will get really expensive with three lawyers going back and forth on terms. If you have a personal attorney you can always have them review the docs before you sign them. And as Ryan said, make sure they have experience drafting co-ownership agreements. That’s critical in avoiding issues that will come up. I’m not a lawyer, so talk to Ryan. But as a real estate agent who’s been in co-ownership vacation homes for almost 20 years, that’s my take on it. Nice video Ryan!
Me and my friend started a company and have two names on the LLC. He is saying it is very hard for us to get things notarized because we live in two different states. Is there a solution for this? Can somebody help me?
Unfortunately we are a Canadian law firm so we likely would not be able to help with a notarization. You will likely need a lawyer in each of the states you are located respectively to witness (and notarize) your signatures on the document in question separately. Hope this helps.
Hi unfortunately we do not have templates for co-ownership arrangements. Each arrangement will required specific issues to be addressed so it is difficult to create a template that captures or focuses on the issues of a particular group. Feel free to contact us here if you would like to discuss your situation: 416-900-0389 or visit our website for more information www.aurallp.com
Very well explained! Great job!
Thank you!
My brother and I own land in Virginia that was gifted to us by our parents. My question is if a large structure is built on land that I own %50, does that building become %50 mine?
My brother and I own land in Virginia that was gifted to us by our parents. My question is can: my brother lease a part of that land without my consent as well as cutting me off from entering that land that I own half?
Me and my sisters want to enter into a coownership agreement over an inherited house from our father. The mortgage is not paid off and I currently have been living in the home since four years before my father died. I want to be at peace with my sisters, but I want to make sure that I have my fair percentage because I am still paying the mortgage and have paid, all the upkeep of the house. I’m in probate court right now and I believe I’m also entitled to a percentage of the estate for doing all of the personal administrative work I paid a probate attorney, but they let me go right after I was granted letters of administration. I’m trying to make sure that I don’t lose my fair share of estate trying to get along with my sisters. And there’s still a substantial amount of debt still owed on the mortgage. Any thoughts?
Great video. Question: if more than one person (2 or 3) are buying a property, would they need to each have their own real estate lawyer to draft an agreement or can they all use the same lawyer?
One lawyer who has experience drafting co-ownership agreements and can represent all parties equally. Otherwise, it will get really expensive with three lawyers going back and forth on terms. If you have a personal attorney you can always have them review the docs before you sign them.
And as Ryan said, make sure they have experience drafting co-ownership agreements. That’s critical in avoiding issues that will come up.
I’m not a lawyer, so talk to Ryan. But as a real estate agent who’s been in co-ownership vacation homes for almost 20 years, that’s my take on it.
Nice video Ryan!
@@JayLeDuc Thanks!
Me and my friend started a company and have two names on the LLC. He is saying it is very hard for us to get things notarized because we live in two different states. Is there a solution for this? Can somebody help me?
Unfortunately we are a Canadian law firm so we likely would not be able to help with a notarization. You will likely need a lawyer in each of the states you are located respectively to witness (and notarize) your signatures on the document in question separately. Hope this helps.
Do you have any sample coniwbership
Agreement
Hi unfortunately we do not have templates for co-ownership arrangements. Each arrangement will required specific issues to be addressed so it is difficult to create a template that captures or focuses on the issues of a particular group. Feel free to contact us here if you would like to discuss your situation: 416-900-0389 or visit our website for more information www.aurallp.com