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Updated about 4 years ago on . Most recent reply
![Matthew Nielson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2025142/1694602674-avatar-matthewn177.jpg?twic=v1/output=image/cover=128x128&v=2)
unequal co ownership help please
Desperate need of help on understanding how to make a fair agreement for the both of us.
some details:
buying a fixer upper home with some immediate concerns.
I am putting $41,000 down payment on the home, covering inspections, and closing costs.I also expect to spend $20,000 right off the bat to do some repairs on the property.
partner is not able to contribute to the down payment , closing costs, or initial repairs.
we calculated the monthly expenses including mortgage, power, gas, taxes and figured out that my partner can afford to cover 35% of those expenses. I will cover the other 65% of the expenses.
However any home improvements, major repairs, unexpected costs etc will be covered 100% by me
we had planned to take the tittle as tenants in common with a 65/35 ownership split. however this will not protect the investments I will be making into the property over time that will not be matched by my partner.
we will be getting a cohabitation agreement as well. however I am still at a loss for what a fair way to split the equity in the home will be in the case of a split and sale/buyout on the property. obviously I will have invested much more than 65% of the home expenses. but there is no way to know for certain what % of the expenses I will have covered at any point in time. any advice at all in how to fairly split the home in the event of a split/sale/buy out would be greatly apreciated.