Stack Payment Deed For Free

If your name is not on the mortgage, then you have no legal obligation to pay it. But having your name on the deed means that you do have a legal share in ownership of the house. If you're late with a payment, it's his credit rating that will be hurt, not yours.

In a business partnership, you can split the profits any way you want, under one condition?all business partners must be in agreement about profit-sharing. You can choose to split the profits equally, or each partner can receive a different base salary and then the partners will split any remaining profits.

You keep track of amount paid for mortgage, improvements, and anything that increases the value of the house. If/when you sell, you total the amount you put in for the down payment and the other tracked expenditures, then divide by the total both parties put in.

Lenders generally won't allow you to use a cash gift from just anyone to get a mortgage. The money usually must come from a family member, such as a parent, grandparent or sibling. It's also generally acceptable to receive gifts from your spouse, domestic partner or significant other if you're engaged to be married.

In general, the division of profits between founders and investors is typically based on the percentage of ownership or equity that each party holds in the company. For example, if an investor holds a 20% equity stake in the company, they would be entitled to receive 20% of the company's profits.

If both you and your spouse contributed equal amounts to the house, including the down payment and mortgage payments, the proceeds may be split 50/50. If one spouse contributed more or various other factors come into play, however, the proceeds may be divided in a different manner.

?Joint tenants? is the traditional way, where each party gets 50 per cent of the sale equity no matter who pays the majority of the deposit or mortgage. If the property is held this way, you both receive half of the equity on sale no matter what.