[WSBARP] Real Estate Purchase ?

[Josh Grant]

the P&S and deed description, should say: ”an undivided 49% interest to the following parcel: ________________________”


Joshua F. Grant

P. O. Box 619
Wilbur, WA 99185
509 647 5578

From: Justin Monro 
Sent: Monday, August 08, 2022 11:49 AM
To: WSBA Real Property Listserv 
Subject: [WSBARP] Real Estate Purchase ?

Hi Listmates:

 

Client has agreed with a seller to purchase 49% of sellers property. Upon closing Seller retains 51% ownership.

 

Property is currently owned entirely by the seller, no mortgages or liens through the title report. 

 

I haven’t done this before but how do I write up the 49% ownership for the new client? I am assuming in the contract.  Is there any issues with this type of ownership?

 

Thank you, 

 

Justin K. Monro

Attorney at Law 

The Monro Law Firm PS Inc.

1830 Bickford Ave. Ste 204

Snohomish, WA 98290

 



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