How to protect yourself properly when buying property as a couple - tips from financial experts

How to protect yourself properly when buying property as a couple - tips from financial experts

According to a report by www.capital.de Many couples buy real estate together without registering fair shares in the land register. In the event of a separation, this can lead to significant disputes. This is shown by the case of a man who co-financed two apartments but ended up owning none of them because he was never registered as a formal co-owner. There was also no written agreement. This led to massive problems during the separation, as he received no compensation and was not involved in the purchase of another apartment. This illustrates how important written contracts and clear entries in the land register are when purchasing property together.

The impact of such cases on the real estate market is significant. More and more people are buying real estate together, be it as couples or as friends or relatives. If a separation or dispute occurs, missing written agreements can have massive consequences. This in turn leads to increased demand for legal advice and clear contracts to avoid these conflicts.

This information highlights the importance of couples or groups purchasing property together to enter into clear written agreements and ensure that all parties involved are fairly recorded in the land register. This is crucial to avoid potential conflicts and legal disputes in the future.