Generally, when two people purchase property together neither are thinking about what will become of it if they separate. This can become a major problem if such a situation arises, but there are steps that can be taken to guard against excessive losses. While forming a contingency plan for the end of any kind of partnership may not be pleasant, partition actions are for the good of both parties.<\/p>\n\n\n\n
Documentation of all expenses related to a purchase, and the amount each party contributed, is essential for planning, as well as resolution of any eventualities. This way, accurate reimbursements can be agreed upon with minimal dispute.<\/p>\n\n\n\n
When worst does come to worst, the most common remedy is mediation<\/a>. It is a standard first step in dispute resolution and tends to be highly effective, particularly in partition. That said, it can still be expensive, certainly much more so than a well made separation plan.<\/p>\n\n\n\n