If you and your spouse are getting a
divorce and don't' want to sell your home, you could choose to rent it
to another family and act as co-landlords. This arrangement is only recommended
for divorcees that are in an amicable relationship and are able to work
through the different situations that may contribute to the co-landlord process.
Some spouses are still able to work together in a business-type arrangement
while others are unable to deal with these situations. If you choose to
co-own your home, you will want to make sure that you are both in agreement
about how payments will be made, who will take care of any repairs and
maintenance that is requested, who will make contact with the tenants,
who will deal with any other disputes that take place.
Co-Landlord Liability Matters
Also, couples will need to be willing to share the liability that comes
with tenants, and need to be able to work together if faced with a lawsuit.
If you and your spouse have a difficult time working together, then co-owning
and managing property may not be the best idea. It will cause too much
strife and may eventually result in lawsuits and other legal complications.
Make sure to discuss your property arrangement in detail with a
Los Angeles family lawyer before committing to this arrangement. Individuals can also sell their
home and divide the profits, or one spouse may choose to remain in the
home while the other will get more monetary value in the
Talk with a lawyer at
Claery & Green, LLP to learn what is best for you in your divorce and to best facilitate a
comfortable and easy living arrangement after the marriage has concluded.
The lawyers at Claery & Green, LLP have the experience necessary to
help you work through a wide variety of different issues you may be facing.