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Is it illegal to buy land with a partner and keep their name off the deed?
Wiki User
∙ 10y ago
This is not a simple yes/no question.
The underlying principle is the definition of "Partner" in the particular case.
If the purpose of keeping his or her name off the deed is to defraud them then yes it is illegal.
If we are talking domestic Partner or Busness partner, Maybe not as these are types of partnerships that can and are governed by specific rules and contracts.
Another PerspectiveThere seems to be some confusion on the part of the questioner. The grantee on a deed is the legal owner of real property. No other person has any legal interest in that property except for the grantee. That owner could mortgage the land or sell it. If she died it would pass to her heirs. Therefore, a "partner" would have no ownership in the land unless they were named as a grantee on the deed.
It could be presumed that the "partner" not named on the deed is aware of that fact, unless as mentioned above, there was some fraud committed at the time the deed was drafted and recorded. In that case the partner who was the victim should consult with an attorney immediately.
In order to establish ownership of land as "partners" that relationship must be established in the deed. Land owned in partnership is similar to land owned by a joint tenancy with the right of survivorship. If one partner dies the property automatically passes to the sole surviving owner. A deed would need to grant the property to Sam and Dave as Partners in order to create a tenancy in partnership.
An owner of land could enter into a contractual agreement with another individual to operate a business, as a partnership, on the property owned solely by the first person. That partnership contract would not provide any legal interest in the real estate unless a valid provision regarding the real estate is mentioned in the contract. (For example- the partners could agree that if the business fails they would share any net profit from the sale of the property when the property is sold.)
Wiki User
∙ 10y ago
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You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?
You own the land subject to the mortgage.
Who creates a deed restriction?
The owner of the land can create a deed restriction.The owner of the land can create a deed restriction.The owner of the land can create a deed restriction.The owner of the land can create a deed restriction.
Does a deed for a house include its contents?
No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.
Can your ex partner hold your deeds to your own property?
As long as the deeds were recorded in the land records all you need to do is visit the land records office and request a certified copy. You don't need the original deed to prove ownership as long as the deed was duly recorded.As long as the deeds were recorded in the land records all you need to do is visit the land records office and request a certified copy. You don't need the original deed to prove ownership as long as the deed was duly recorded.As long as the deeds were recorded in the land records all you need to do is visit the land records office and request a certified copy. You don't need the original deed to prove ownership as long as the deed was duly recorded.As long as the deeds were recorded in the land records all you need to do is visit the land records office and request a certified copy. You don't need the original deed to prove ownership as long as the deed was duly recorded.
What is a large piece of land usually given to its owners by?
Land is acquired by deed, by a court order and by inheritance.Land is acquired by deed, by a court order and by inheritance.Land is acquired by deed, by a court order and by inheritance.Land is acquired by deed, by a court order and by inheritance.
How long does it to receive a title after purchasing a home with cash?
You should receive the deed immediately when you hand over the consideration. The deed should then be recorded immediately in the land records.You should receive the deed immediately when you hand over the consideration. The deed should then be recorded immediately in the land records.You should receive the deed immediately when you hand over the consideration. The deed should then be recorded immediately in the land records.You should receive the deed immediately when you hand over the consideration. The deed should then be recorded immediately in the land records.
What is deeded land?
Deeded land is land transferred by means of a deed.
How do you contest a deed?
If you have "standing" to claim the deed is invalid, you can sue in land court, either naming the people on the deed (or who granted the invalid deed), or naming the land itself (in rem) as the subject matter of the lawsuit, or both.
How do you find out what the price paid was for a commercial building?
Visit the land records office and check for the current owner's deed. The consideration can be found on the deed.Visit the land records office and check for the current owner's deed. The consideration can be found on the deed.Visit the land records office and check for the current owner's deed. The consideration can be found on the deed.Visit the land records office and check for the current owner's deed. The consideration can be found on the deed.
Can a person be forced to accept a deed to property?
No. If the deed is recorded in the land records without their knowledge, they can file a disclaimer in the same land records stating they never accepted delivery of the deed.No. If the deed is recorded in the land records without their knowledge, they can file a disclaimer in the same land records stating they never accepted delivery of the deed.No. If the deed is recorded in the land records without their knowledge, they can file a disclaimer in the same land records stating they never accepted delivery of the deed.No. If the deed is recorded in the land records without their knowledge, they can file a disclaimer in the same land records stating they never accepted delivery of the deed.
You have quit claim deed what do you do now?
A deed must be recorded in the land records to perfect title in the grantee. You must record the deed in the land records office where the property is located.
Can land in Missouri be sold with a Collector's Deed only?
Yes, land in Missouri can only be sold with a collector's deed. Once you have the collector's deed, you then need to file for the Certificate of Purchase.
