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<p>What's the purpose of recording the co-tenancy agreement if
there's a 50/50 ownership? I've always thought the only purpose
of recording is to impart notice on third parties, and with the
presumption being a 50/50 ownership I'm not seeing what's
accomplished if there is equal ownership.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 5/12/2020 12:10 PM, Gregory L.
Ursich wrote:<br>
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<p class="MsoNormal"><span
style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">I
agree with everything Dwight said. Always, always have a
co-tenancy agreement and record it. I have done several of
those. Also, depending on the relationship, the parties can
also choose to take title as Joint Tenants with Rights of
Survivorship, but you still prepare and record a co-tenancy
agreement. -Greg<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:-5.75pt"><b><span
style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black">Gregory
L. Ursich
</span></b><span
style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:-5.75pt"><span
style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black">Shareholder<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:-5.75pt"><span
style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black">Skyline
Tower, Suite 1500 | 10900 NE 4<sup>th</sup> Street
| Bellevue, WA 98004<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:-5.75pt"><span
style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:black">P:
425.450.4258 | F: 425.635.7720<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span
style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span
style="font-size:11.0pt;font-family:"Calibri",sans-serif">
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
[<a class="moz-txt-link-freetext" href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Dwight Bickel<br>
<b>Sent:</b> Tuesday, May 12, 2020 12:00 PM<br>
<b>To:</b> WSBA Real Property Listserv
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp@lists.wsbarppt.com"><wsbarp@lists.wsbarppt.com></a><br>
<b>Subject:</b> Re: [WSBARP] unmarried couple - property
agreement?<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal"><span
style="font-family:"Calibri",sans-serif;color:black;background:white"> I
wouldn't buy real property with anyone without a
co-tenancy agreement recorded. </span><span
style="font-family:"Calibri",sans-serif;color:black">No
matter what is stated with respect to each other's
expectations, there should be a portion of the agreement
that is recorded to disclose limitations upon common law
tenancy in common rights and obligations, so it is binding
upon potential successors in title without actual notice
of the agreement. Most important to limit the rights of
one co-tenant in the event of a lien, or acquisition of
title, by creditors of that co-tenant. I don't think the
law would support a prohibition against liens, like you
cannot contractually limit bankruptcy rights, but you can
include a waiver of a right of partition and include
mandatory obligations to sell to the other.<o:p></o:p></span></p>
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style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
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<div id="Signature">
<p class="MsoNormal">Dwight A. Bickel<o:p></o:p></p>
<div>
<p class="MsoNormal">Washington Title Professional<o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><a
href="mailto:dwightbickel@hotmail.com"
moz-do-not-send="true">dwightbickel@hotmail.com</a><o:p></o:p></p>
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<p class="MsoNormal"><a
href="http://www.linkedin.com/in/dwightbickel"
moz-do-not-send="true">www.linkedin.com/in/dwightbickel</a><o:p></o:p></p>
</div>
<div>
<p class="MsoNormal"><a class="moz-txt-link-freetext" href="http:/www.titleadvisor.com">http:/www.titleadvisor.com</a><o:p></o:p></p>
</div>
<p class="MsoNormal">206-484-1976 <o:p></o:p></p>
<div>
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