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Phone: 401-941-5291
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51 Jefferson Blvd.
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Warwick, RI 02888
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Buying property with a partner—whether romantic, familial, or business—is an exciting step, but it's also one that comes with legal complexities. In Rhode Island, co-owning real estate can offer financial and practical benefits, but it’s important to take a proactive approach to avoid disputes down the line. At Tomassi Law, LLC, we help clients navigate the legal landscape of joint property ownership and protect their interests from the outset.
Rhode Island recognizes several ways to jointly own property:
Choosing the right form of ownership is critical, as it affects your rights during and after the relationship.
Even if the property title spells out the form of ownership, a co-ownership agreement can go further in addressing:
This agreement acts as a legal safety net and can save both time and money if the relationship changes or dissolves.
If you're both applying for a mortgage, keep in mind:
You may want to consult a lawyer to understand how these factors affect your long-term obligations.
Without proper legal planning, ending a personal or business relationship can trigger major complications:
An estate plan or cohabitation agreement can help ensure your wishes are followed, even if your circumstances change.
At Tomassi Law, LLC, we work with clients throughout Rhode Island to make sure their property purchase is not only legally sound but also aligned with their long-term goals. Whether you’re buying a home with your significant other or investing with a friend, we can help draft agreements, review purchase documents, and guide you through the process from start to finish.
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Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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