How to protect investment into house against spouse to be?
A female friend is about to sell condo and buy a house in Burlington area. She has complete financing under own control and that is not problematic. After reading some posts here and other media she is becoming aware and concerned about situation that may arise in future. In short words, have a boyfriend and he moves in. After some time things possibly don't work out and he is out but asking for piece of the property as a common law.
That is a scary proposal. Yes, we heard about prenup but who does that with boyfriend or girlfriend? This sure is not laughing matter. Example: one of her girlfriends is moving out from boyfriend and house he put into his name only. She was paying half expenses while living with him. Never got actually married. She is asking former boyfriend to either pay up or sell the house and pay up. Amount or ratio she is asking for is unknown at this moment but things can turn ugly on a dime.
What person has to do to protect himself or herself of such situation short of never having relationship ?
That is a scary proposal. Yes, we heard about prenup but who does that with boyfriend or girlfriend? This sure is not laughing matter. Example: one of her girlfriends is moving out from boyfriend and house he put into his name only. She was paying half expenses while living with him. Never got actually married. She is asking former boyfriend to either pay up or sell the house and pay up. Amount or ratio she is asking for is unknown at this moment but things can turn ugly on a dime.
What person has to do to protect himself or herself of such situation short of never having relationship ?