Quote:
Originally Posted by GGG
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.
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Are you sure she was entitled to half of the full value of the property? Or half of what has appreciated since she moved in? Because from what I understand, she's only entitled to half of value gain after she moves in.
So if the house was worth $400K when she moved in, but worth $500K when she moved out, she's entitled to half of $100K, not $500K. Kids would probably make it a lot more complicated though.