Buying Property with Friend
2 Mar 2012, 06:19
Me and my friend want to buy a property together, but as bank wont allow taking loan together (because no blood relation), one of us will take the loan.
50% of the price will be given to him by the other by cash.
The property will be registered in single name (We do not want to register in both name)
My query is what kind of legal agreement can be made which can confirm-
1. The equal share on the property
2. Any future selling will be shared equally
3. Any profit/return from the property will be shared equally
1 Reply
Hello -
Were you able to get a resolution to this question? If so, can you please email it to me at (mikunj[at-the-rate-of]gmail[dot]com)