Quote:
Originally Posted by Cecil Terwilliger
I’m curious about this. If you own a place already and it’s fully furnished and everything and then she moves in, on what grounds would she be owed a part of your assets?
If she pays $500 a month to live with you, isn’t that way cheaper than she’d be able to pay for her own place? She needs to live somewhere and if she’s currently paying let’s say $1000 a month and she saves $500 a month living with you, why would she be entitled to an asset you owned before she ever moved in?
In any scenario she’s coming out way ahead of where she’d be on her own. Further ahead than you are by collecting such piddly rent from her.
Now if she helps pay for furniture, upgrades to the home etc, then yeah it makes sense. Otherwise it seems quite odd.
Does it depend on how much she pays in rent? If she’s getting a huge discount on market rate it seems quite odd.
All of this assumes there are no children and you’re both working adults.
And that’s not even getting into spousal support, which is a whole other can of worms.
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So this is anecdotal from a friends situation that went badly but she was entitled to half the appreciation of the Common assets plus a share of the capital that was paid into the mortgage. Effectively once common law all money put toward the mortgage was joint money regardless of if she paid for the mortgage or was just paying other bills.
Edit: reading your link I think this makes sense as one possible outcome. I was not aware that the 6 months thing did not apply in Alberta. Either way seeing a lawyer before moving in with someone is probably good advice.