July 21st, 2011 by Questions


My partner and I are buying a house together. He’s name will be going on Title only. If we make a cohabitation agreement which means that I will have rights to the property, and if I decide claim bankcruptcy, will the house be considered as an asset for me?

Posted from: Ontario


One Response to “Mortgage”

, A licensed trustee said:

You’d better speak to a lawyer – if you are not n title it should not be treated as your asset, BUT depending on the extent of your “rights” that get written into your cohabitation agreement you may cross a line that causes the house to become a deemed asset. Without the cohabitation agreeement to review, no one will be able to make this determination for you.

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