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South Dakota Residential Real Estate Legal Questions

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1 legal question has been posted about residential real estate by real users in South Dakota. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include real estate, easements, and commercial leasing. All topics and other states can be accessed in the dropdowns below.

Am I entitled for a portion of an asset when leaving a relationship?

Answered 2 years and 6 months ago by Mr. John Michael Frick (Unclaimed Profile)   |   1 Answer
Many people who live together enter into a cohabitation agreement.  If you do not have a cohabitation agreement, you may be out of luck.The first question is who owns the house, i.e. whose name is on the deed.  That determines who owns the house.The second question is did you have an agreement, written or oral, regarding your contribution for the mortgage, insurance and taxes.  If so, follow that agreement.  In most cases like yours, the parties never discuss the subject and never reach an agreement because they foolsihly assume that their relationship will endure forever.In equity, you may be entitled to what you contributed minus half of the fair rental value of the house for the time you lived in it.  In all likelihood, half of the fair rental value greatly exceeds your $42,000 contribution.... Read More
Many people who live together enter into a cohabitation agreement.  If you do not have a cohabitation agreement, you may be out of luck.The... Read More

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