<div dir="ltr">A good TIC Agreement addresses several important issues, far more than just percentage ownership. See a simple outline attached.<div><br></div><div>CB<br clear="all"><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div style="font-size:12.8px"><div>Craig Blackmon, <a href="https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240" target="_blank">Attorney at Law</a></div><div><span style="color:rgb(33,33,33)"><font face="arial, helvetica, sans-serif" size="2">92 Lenora St., </font></span><span style="font-family:arial,helvetica,sans-serif;font-size:small;color:rgb(33,33,33)">Seattle WA 98121 </span></div><div><span style="color:rgb(33,33,33)"><font face="arial, helvetica, sans-serif" size="2">Office/Cell: (206) 369-5949</font></span> </div><div>On the blog: <a href="https://seattlepropertylawyer.com/blog/seller-disclosure-statement-form-17-explained" target="_blank">The Form 17, Explained</a></div><div><img src="https://drive.google.com/a/lawofficeofcraigblackmon.com/uc?id=1hQRIEe9StVVNNSx58ImicjsXMNCAUmxM&export=download" width="96" height="60" style="font-size:small"></div><div>CONFIDENTIALITY NOTICE: This communication is a private, confidential electronic communication encompassed by 18 USC 2510. It is for the sole use of the intended recipient and receipt by anyone other than the intended recipient does not constitute a loss of its confidential or privileged nature. Any review or distribution by others is strictly prohibited. If you are not the intended recipient please inform the sender and destroy all copies.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, May 12, 2020 at 12:27 PM Kary Krismer <<a href="mailto:Krismer@comcast.net">Krismer@comcast.net</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div>
<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 cols="72">Kary L. Krismer
206 723-2148</pre>
<div>On 5/12/2020 12:10 PM, Gregory L.
Ursich wrote:<br>
</div>
<blockquote type="cite">
<div>
<p class="MsoNormal"><span style="font-size:11pt;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<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:black"><u></u> <u></u></span></p>
<div>
<table style="border-collapse:collapse;border:none" cellspacing="0" cellpadding="0" border="0">
<tbody>
<tr style="height:58.05pt">
<td style="width:135pt;padding:0in 5.4pt;height:58.05pt" width="184" valign="top">
<p class="MsoNormal" style="margin-right:0in;margin-bottom:0.0001pt"><span style="font-size:11pt;color:black"><img id="gmail-m_-2719273795324376304Picture_x0020_1" src="cid:1720af216e46917eb1" width="177" height="73"><u></u><u></u></span></p>
</td>
<td style="width:332.5pt;padding:0in 5.4pt;height:58.05pt" width="443" valign="top">
<p class="MsoNormal"><b><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black">Gregory
L. Ursich
</span></b><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black">Shareholder<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black">Skyline
Tower, Suite 1500 | 10900 NE 4<sup>th</sup> Street
| Bellevue, WA 98004<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black">P:
425.450.4258 | F: 425.635.7720<u></u><u></u></span></p>
<p class="MsoNormal"><u><span style="font-size:9pt;font-family:Calibri,sans-serif;color:blue"><a href="http://www.insleebest.com/uploads/vcards/gursich.vcf" target="_blank"><span style="color:blue">vCard</span></a></span></u><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black">
|</span><span style="font-size:9pt;font-family:Calibri,sans-serif;color:blue"><u><a href="http://www.insleebest.com/" target="_blank"><span style="color:blue">website</span></a></u></span><span style="font-size:9pt;font-family:Calibri,sans-serif;color:black">
|</span><span style="font-size:9pt;font-family:Calibri,sans-serif;color:blue"><u><a href="mailto:gursich@insleebest.com" target="_blank"><span style="color:blue">gursich@insleebest.com</span></a></u></span><span style="font-size:10pt;font-family:Calibri,sans-serif;color:black"><u></u><u></u></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:black"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Calibri,sans-serif;color:black">This
electronic mail transmission is privileged and
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</div>
<p class="MsoNormal"><span style="font-size:11pt;font-family:Calibri,sans-serif;color:black"><u></u> <u></u></span></p>
<div>
<div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(225,225,225);padding:3pt 0in 0in">
<p class="MsoNormal"><b><span style="font-size:11pt;font-family:Calibri,sans-serif">From:</span></b><span style="font-size:11pt;font-family:Calibri,sans-serif">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>
[<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">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 href="mailto:wsbarp@lists.wsbarppt.com" target="_blank"><wsbarp@lists.wsbarppt.com></a><br>
<b>Subject:</b> Re: [WSBARP] unmarried couple - property
agreement?<u></u><u></u></span></p>
</div>
</div>
<p class="MsoNormal"><u></u> <u></u></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.<u></u><u></u></span></p>
</div>
<div>
<div>
<p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:black"><u></u> <u></u></span></p>
</div>
<div id="gmail-m_-2719273795324376304Signature">
<p class="MsoNormal">Dwight A. Bickel<u></u><u></u></p>
<div>
<p class="MsoNormal">Washington Title Professional<u></u><u></u></p>
</div>
<div>
<p class="MsoNormal"><a href="mailto:dwightbickel@hotmail.com" target="_blank">dwightbickel@hotmail.com</a><u></u><u></u></p>
</div>
<div>
<p class="MsoNormal"><a href="http://www.linkedin.com/in/dwightbickel" target="_blank">www.linkedin.com/in/dwightbickel</a><u></u><u></u></p>
</div>
<div>
<p class="MsoNormal"><a href="http:/www.titleadvisor.com" target="_blank">http:/www.titleadvisor.com</a><u></u><u></u></p>
</div>
<p class="MsoNormal">206-484-1976 <u></u><u></u></p>
<div>
<p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:black"><u></u> <u></u></span></p>
</div>
</div>
</div>
<div>
<div>
<p class="MsoNormal"><span style="font-family:Calibri,sans-serif;color:black"><u></u> <u></u></span></p>
</div>
</div>
</div>
<br>
<fieldset></fieldset>
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