Legal Question in Real Estate Law in Maryland

Re: real estate

It is suggested that you need a professionally written ownership agreement that clearly spells out all of the rights and obligations of each of you, including who pays the mortgage, taxes, insurance, maintenance costs, etc. and what happens if one of you wants to sell, dies, etc. Without a written agreement or an enforceable verbal agreement, he current titling, i.e. joint ownership or tenants in common, will determine whether the property passes to your heirs or to your partner upon death. Ownership of real estate between unmarried persons without a written agreement is a disaster waiting to happen.