When purchasing real estate with another person, having a written agreement is crucial to protect all parties involved and prevent future disputes.

When purchasing real estate with another person, having a written agreement is crucial to protect all parties involved and prevent future disputes. A clear, legally binding documents outlines key details such as ownership percentage, financial responsibilities, and the process for handling unexpected situations like one party want to sell or a change in financial circumstances. Without a written agreement, misunderstandings can arise, leading to costly legal battles and strained relationships. Whether buying property with a friend, family member, or business partner, taking the time to draft a comprehensive agreement ensures transparency and provides a solid foundation for a successful co-ownership arrangements.

If you have questions about real estate partnership agreements or other types of contracts, give us a call at 253.858.5434 to make an appointment today. We proudly represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.