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<p>Thank you Craig, that list is helpful, thank you. I'll refer to
it if buyers ever ask why they need an agreement. <br>
</p>
<p>But my question was about the purpose of recording. All those
things on the list seemingly affect the parties rights as against
one another. Is there concern a creditor might execute and become
the other co-tenant? Even there I think inquiry notice would
protect the non-debtor co-tenant--assuming there was a writing.
I'm just not seeing a purpose to recording the agreement.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 5/12/2020 3:13 PM, Craig Blackmon
wrote:<br>
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<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">
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<div>Craig Blackmon, <a
href="https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240"
target="_blank"
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at Law</a></div>
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<div dir="ltr" class="gmail_attr">On Tue, May 12, 2020 at 12:27
PM Kary Krismer <<a href="mailto:Krismer@comcast.net"
moz-do-not-send="true">Krismer@comcast.net</a>> wrote:<br>
</div>
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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 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</span></p>
<p class="MsoNormal"><span
style="font-size:11pt;font-family:Calibri,sans-serif;color:black"> </span></p>
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<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"></span></p>
<p class="MsoNormal"><span
style="font-size:9pt;font-family:Calibri,sans-serif;color:black">Shareholder</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</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</span></p>
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style="font-size:9pt;font-family:Calibri,sans-serif;color:blue"><a
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<p class="MsoNormal"><span
style="font-size:11pt;font-family:Calibri,sans-serif;color:black"> </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" moz-do-not-send="true">wsbarp-bounces@lists.wsbarppt.com</a>
[<a
href="mailto:wsbarp-bounces@lists.wsbarppt.com"
target="_blank" moz-do-not-send="true">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" moz-do-not-send="true"><wsbarp@lists.wsbarppt.com></a><br>
<b>Subject:</b> Re: [WSBARP] unmarried couple -
property agreement?</span></p>
</div>
</div>
<p class="MsoNormal"> </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.</span></p>
</div>
<div>
<div>
<p class="MsoNormal"><span
style="font-family:Calibri,sans-serif;color:black"> </span></p>
</div>
<div id="gmail-m_-2719273795324376304Signature">
<p class="MsoNormal">Dwight A. Bickel</p>
<div>
<p class="MsoNormal">Washington Title Professional</p>
</div>
<div>
<p class="MsoNormal"><a
href="mailto:dwightbickel@hotmail.com"
target="_blank" moz-do-not-send="true">dwightbickel@hotmail.com</a></p>
</div>
<div>
<p class="MsoNormal"><a
href="http://www.linkedin.com/in/dwightbickel"
target="_blank" moz-do-not-send="true">www.linkedin.com/in/dwightbickel</a></p>
</div>
<div>
<p class="MsoNormal"><a
href="http:/www.titleadvisor.com"
target="_blank" moz-do-not-send="true">http:/www.titleadvisor.com</a></p>
</div>
<p class="MsoNormal">206-484-1976 </p>
<div>
<p class="MsoNormal"><span
style="font-family:Calibri,sans-serif;color:black"> </span></p>
</div>
</div>
</div>
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<p class="MsoNormal"><span
style="font-family:Calibri,sans-serif;color:black"> </span></p>
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