ᐅ Land Registry Entry – One Owner, Two Borrowers Possible?

Created on: 29 Jan 2018 02:58
D
DirtyNerdy
Hello,

I have a question regarding ownership rights. Both my partner and I are listed as debtors in the construction contract. Is there a way to officially record (in the land register or elsewhere) that I am the sole owner, while both of us remain debtors?

The background is this: In case of a separation, we want to avoid any complications. I am supposed to receive the house, and she is to be "bought out" (she agrees with this arrangement). But as often happens in life, after a separation, people tend to deny previous agreements.

So my question is: Are there options for this? If yes, what are they?

Thank you in advance.
tomtom7929 Jan 2018 08:52
What if after 20 years a separation happens? The house is almost paid off, and a separation is approaching.
H
HilfeHilfe
29 Jan 2018 10:15
tomtom79 schrieb:
What if the separation happens after 20 years? The house is almost paid off, and a separation is looming.

He owns the house, and she has to fight for her rights^^

Nice deal
B
Baumfachmann
29 Jan 2018 12:38
Anyone who does something like this is naive and not very bright....
tomtom7929 Jan 2018 12:41
Well, there are people you have to protect yourself from. As sad as it sounds, even a prenuptial agreement is unfortunately necessary.
A
Alex85
29 Jan 2018 13:32
HilfeHilfe schrieb:
he has the house and she has to fight for her rights^^

nice deal

What right could she possibly be fighting for?
Month after month, it’s nothing more than a gift.

I know a similar situation among acquaintances where a separation happened. He built the house with his previous partner, and the new partner joined the financing directly — and now she has to get out again. She actually doesn’t mind and sees it retrospectively like paying rent.
11ant29 Jan 2018 13:46
DirtyNerdy schrieb:
Is it possible to have it notarized (in the land registry or elsewhere) that I am the sole owner, but both are debtors?

If you are the sole property owner, this is already recorded in the land registry. Your ownership includes the land and the house on it. The fact that a second person co-financed the construction of the house does not change this. However, the second person would be unwise not to secure their rights related to this financing in the land registry. The increase in the property’s value due to the development is considered a "gain," which must be compensated for in the event of a divorce. Without a marriage, there is no divorce, so it is even more important for that person to protect themselves.
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