{"id":5457,"date":"2023-01-11T14:16:00","date_gmt":"2023-01-11T14:16:00","guid":{"rendered":"https:\/\/dev.wahi.com\/ca\/en\/?p=5457"},"modified":"2025-04-07T15:59:18","modified_gmt":"2025-04-07T15:59:18","slug":"selling-co-ownership-home","status":"publish","type":"post","link":"https:\/\/wahi.com\/ca\/en\/learning-centre\/real-estate-101\/sell\/selling-co-ownership-home","title":{"rendered":"Selling a House With Co-Ownership"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;55px||||false|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; custom_margin__hover_enabled=&#8221;off|desktop&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; width=&#8221;95%&#8221; max_width=&#8221;100%&#8221; custom_margin=&#8221;||-24px||false|false&#8221; custom_padding=&#8221;55px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][wahi_breadcrumb _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][wahi_breadcrumb-link title=&#8221;Real Estate 101&#8243; _builder_version=&#8221;4.18.0&#8243; _dynamic_attributes=&#8221;link_option_url&#8221; _module_preset=&#8221;default&#8221; link_option_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjcyMiJ9fQ==@&#8221; global_colors_info=&#8221;{}&#8221;][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=&#8221;Sell&#8221; _builder_version=&#8221;4.18.0&#8243; _dynamic_attributes=&#8221;link_option_url&#8221; _module_preset=&#8221;default&#8221; link_option_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjIxMDYifX0=@&#8221; global_colors_info=&#8221;{}&#8221;][\/wahi_breadcrumb-link][wahi_breadcrumb-link title=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@&#8221; _builder_version=&#8221;4.18.0&#8243; _dynamic_attributes=&#8221;title&#8221; _module_preset=&#8221;default&#8221; module_text_color=&#8221;#686E6E&#8221; global_colors_info=&#8221;{}&#8221;][\/wahi_breadcrumb-link][\/wahi_breadcrumb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;12px||12px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _dynamic_attributes=&#8221;content&#8221; _module_preset=&#8221;default&#8221; header_font_size=&#8221;3.5rem&#8221; header_line_height=&#8221;4.5rem&#8221; header_font_size_tablet=&#8221;42px&#8221; header_font_size_phone=&#8221;3rem&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_line_height_tablet=&#8221;4.5rem&#8221; header_line_height_phone=&#8221;3.2rem&#8221; header_line_height_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||9px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][wahi_socialsharing _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;6px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;24px&#8221; text_line_height=&#8221;1.5em&#8221; custom_margin=&#8221;||32px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"at-text aem-GridColumn aem-GridColumn--default--12\">\n<p><span style=\"font-weight: 400;\">While home affordability makes co-ownership more appealing, it\u2019s important to understand how it affects selling your home.<\/span><\/p>\n<\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;1.13rem&#8221; text_line_height=&#8221;1.18rem&#8221; custom_margin=&#8221;||5px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>By <a href=\"https:\/\/wahi.com\/ca\/en\/author\/emily-southey\/\">Emily Southey<\/a> | 7 minute read<\/p>\n<p>[\/et_pb_text][et_pb_post_title title=&#8221;off&#8221; author=&#8221;off&#8221; date_format=&#8221;M j&#8221; categories=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; width_tablet=&#8221;&#8221; width_phone=&#8221;100%&#8221; width_last_edited=&#8221;on|phone&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;100%&#8221; max_width_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@&#8221; align=&#8221;center&#8221; force_fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.18.0&#8243; _dynamic_attributes=&#8221;src&#8221; _module_preset=&#8221;default&#8221; border_radii=&#8221;on|32px|32px|32px|32px&#8221; border_radii_tablet=&#8221;on|32px|32px|32px|32px&#8221; border_radii_phone=&#8221;on|0px|0px|0px|0px&#8221; border_radii_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;15px||11px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">If you co-own a property that you are looking to sell, you\u2019re in the right place. Below, the experts at Wahi dive into the topic of selling a house with co-ownership (as the process is a little different than a typical home sale). Continue reading to learn more about how co-ownership agreements work, the different types of co-ownerships, and some expert tips on how to sell a house with co-ownership.\u00a0<\/span><\/p>\n<p class=\"p2\"><span style=\"color: #ffffff;\">&#8211;<\/span><\/p>\n<h2><strong>What Is a Co-Ownership Agreement?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">A co-ownership agreement is an agreement between two or more owners of a property. The agreement outlines the relationship and expectations of each party in relation to the property. Co-owners can be individuals (spouses, friends, or family members) or corporations, and they can purchase a property for many purposes (for example, to live in or to rent out for investment purposes). Co-ownership agreements usually include key information, such as each owner\u2019s individual rights and responsibilities, what portion of the property each owner owns, to whom an owner\u2019s rights are transferred in the event of their death, and more. <\/span><\/p>\n<p><strong style=\"font-family: Poppins, Helvetica, Arial, Lucida, sans-serif; font-size: 1.25rem;\"><span style=\"color: #ffffff;\">&#8211;<\/span><\/strong><\/p>\n<h3><span style=\"font-weight: 400;\">In Ontario, there are three main categories of co-ownership:\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Occupying co-ownership: Where both co-owners occupy the property;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-occupying co-ownership: Where the co-owners do not occupy the property, and instead, sell or rent it out as an investment; and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hybrid co-ownership: When the property is owned by co-owners, and one owner resides at the property while the other is a passive investor.\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong><span style=\"color: #ffffff;\">&#8211;<\/span><\/strong><\/h3>\n<h3><strong>The Benefits of Co-Ownership<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Now that you know what a co-ownership agreement is, you might be wondering why someone would enter into one. There are many circumstances and reasons that homebuyers choose to co-own properties. For example, you might find a co-ownership agreement useful if any of the following situations apply to you<\/span><span style=\"font-weight: 400;\">:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You decide to purchase an investment property with family or friends, whether for residential, investment or vacation purposes, such as a cottage or timeshare;\u2028<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You and your business partner decide to purchase a property together for commercial or investment purposes;\u2028<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After a divorce or separation, you and your ex-spouse decide to rent out your property rather than sell it;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You are preparing a will or conveyance by a trust to multiple people as co-owners;\u2028 or<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A family property is being passed down to future generations.<\/span><\/li>\n<\/ul>\n<h2><\/h2>\n<p><span style=\"font-weight: 400;\">Beyond the situations listed above, there are also several reasons that someone would choose to enter into a co-ownership agreement. For example, buying a house with multiple people is more affordable than buying a home on your own. It allows you to pool resources and afford a home that you may not have otherwise been able to afford. Similarly, co-ownership might give you access to other, more desirable neighbourhoods. Certain areas may be out of your personal budget, but when you\u2019re combining your budget with others, you might be able to afford a house in a vibrant, up-and-coming area that can lead to better returns. <\/span><\/p>\n<ul><\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#edf7f3&#8243; custom_padding=&#8221;32px||32px||true|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_2_text_align=&#8221;center&#8221; header_2_text_color=&#8221;#38505b&#8221; header_2_font_size=&#8221;2.63rem&#8221; header_2_line_height=&#8221;3.75rem&#8221; max_width=&#8221;800px&#8221; module_alignment=&#8221;center&#8221; header_2_font_size_tablet=&#8221;32px&#8221; header_2_font_size_phone=&#8221;27px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_2_line_height_tablet=&#8221;3.75rem&#8221; header_2_line_height_phone=&#8221;32px&#8221; header_2_line_height_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 class=\"p1\"><strong>&#8220;Co-owners can be individuals (spouses, friends, or family members) or corporations, and they can purchase a property for many purposes (for example, to live in or to rent out for investment purposes).&#8221;<\/strong><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||24px||false|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; min_height=&#8221;886.2px&#8221; custom_padding=&#8221;23px||38px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><strong>The Different Types of Co-Ownership<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">When entering into a co-ownership, the co-owners will need to decide what type of co-ownership agreement they want to draw up. In Ontario, the two main ways that multiple people can own a single property are joint tenancy and tenants-in-common. In the case of joint tenancy, the co-owners have identical, equal interests in the property. Oppositely, with tenants-in-common, co-owners have a proportionate interest (designated as a percentage) of the property, allowing for unequal ownership interests. We explore these two types of co-ownership in more detail below.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/span><\/p>\n<h3><strong>Joint Tenancy<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">In a joint tenancy agreement, each co-owner has identical, undivided interests in the property. In other words, the co-owners own the property as a unified whole, with each party holding an equal interest. For a joint tenancy, four unities must exist: unity of title, unity of interest, unity of possession, and unity of time.\u00a0<\/span><\/p>\n<h3><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Beyond the fact that joint tenants have equal interests in the property, another key difference between joint tenancy and tenants-in-common relates to the right of survivorship. If one of the joint tenants dies, the surviving joint tenant automatically becomes the owner of the property regardless of what is stipulated in the deceased\u2019s will. Joint tenancy is a method most commonly used by spouses.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/span><\/h3>\n<h3><strong>Tenancy-in-Common<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Meanwhile, tenancy-in-common is when each co-owner holds a proportionate interest (written as a percentage) of the property. This proportionate interest is to be determined by the co-owners and outlined in the co-ownership agreement. However, unlike joint tenancy where the co-owners hold equal interests, tenants-in-common often hold unequal interests. Further, in the event that one co-owner dies, their percentage of ownership is distributed according to their will (it is not automatically transferred to the other co-owner as with a joint tenancy agreement). <\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Section&#8221; module_id=&#8221;sell-widget&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f0faf4&#8243; custom_padding=&#8221;0px||0px||false|false&#8221; da_popup_slug=&#8221;sell-widget&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_module=&#8221;300633&#8243; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;2_5,3_5&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;3&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_enable_color=&#8221;off&#8221; module_alignment=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_5&#8243; _builder_version=&#8221;4.24.0&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;margin: auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/wahi.com\/wp-content\/uploads\/2024\/04\/Group-5922.png&#8221; title_text=&#8221;Group 5922&#8243; src_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;480px&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.24.0&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;margin: auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;Poppins|700|||||||&#8221; header_line_height=&#8221;44px&#8221; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;270px&#8221; max_width_last_edited=&#8221;on|phone&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_margin_tablet=&#8221;&#8221; custom_margin_phone=&#8221;30px||10px||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; header_text_align_tablet=&#8221;&#8221; header_text_align_phone=&#8221;center&#8221; header_text_align_last_edited=&#8221;on|phone&#8221; header_font_size_tablet=&#8221;&#8221; header_font_size_phone=&#8221;30px&#8221; header_font_size_last_edited=&#8221;on|desktop&#8221; custom_css_main_element=&#8221;font-weight: 800 !important;&#8221; custom_css_free_form=&#8221;#sell-widget h1{||  font-weight: 700 !important;||  font-size: 30px;||}&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Know the Value of Your Home<\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;22px&#8221; text_line_height=&#8221;26px&#8221; header_font=&#8221;||||||||&#8221; header_line_height=&#8221;26px&#8221; header_2_font_size=&#8221;22px&#8221; header_2_line_height=&#8221;26px&#8221; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;270px&#8221; max_width_last_edited=&#8221;on|phone&#8221; module_alignment=&#8221;left&#8221; custom_margin=&#8221;||30px||false|false&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;18px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; text_orientation_tablet=&#8221;&#8221; text_orientation_phone=&#8221;center&#8221; text_orientation_last_edited=&#8221;on|phone&#8221; module_alignment_tablet=&#8221;&#8221; module_alignment_phone=&#8221;center&#8221; module_alignment_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]Instantly track the value of your most precious asset.[\/et_pb_text][et_pb_button button_url=&#8221;\/ca\/en\/home-estimation\/what-is-my-home-worth?check-bestimates-modal=true&#8221; button_text=&#8221;Get estimate&#8221; button_alignment_phone=&#8221;left&#8221; button_alignment_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;12px&#8221; button_border_radius=&#8221;4px&#8221; button_letter_spacing=&#8221;1px&#8221; button_font=&#8221;|700|||||||&#8221; button_use_icon=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px|20px|10px|20px|true|true&#8221; button_text_size_tablet=&#8221;&#8221; button_text_size_phone=&#8221;13px&#8221; button_text_size_last_edited=&#8221;on|phone&#8221; custom_css_main_element=&#8221;font-weight: 800 !important;&#8221; custom_css_free_form=&#8221;#sell-widget a.et_pb_button{||  font-weight: 600 !important;||}||||@media (max-width: 600px){||#sell-widget a.et_pb_button{||display: block;||text-align: center;||}||}&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|desktop&#8221; custom_css_main_element_tablet=&#8221;font-weight: 800 !important;&#8221; custom_css_main_element_phone=&#8221;font-weight: 800 !important;&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;33px||0px||false|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;21px&#8221; text_line_height=&#8221;1.6em&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.3em&#8221; header_3_font_size=&#8221;1.25rem&#8221; header_3_line_height=&#8221;1.88rem&#8221; header_4_font=&#8221;|700|||||||&#8221; header_4_font_size=&#8221;1.25rem&#8221; header_4_line_height=&#8221;1.88rem&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><span style=\"font-weight: 400;\"><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/span><\/h3>\n<h2><strong>Tips for Selling a House With Co-Ownership<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If you\u2019ve entered into a co-ownership agreement, then you might be wondering how it works when you decide to sell your home. Luckily, we\u2019ve got you covered. Keep reading to discover some expert tips on how to sell a house that has multiple owners.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/span><\/h3>\n<h3><strong>1. Ask yourself the following questions<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Before putting your co-owned home up for sale, take some time to answer the following questions:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Who gets what portion of the proceeds from the sale? Not all types of co-ownerships (that is, tenants-in-common) give co-owners equal interest in the property. Therefore, not all home sale proceeds will be split evenly. To determine how much each co-owner will receive from the proceeds of the sale, be sure to carefully review your co-ownership agreement. Have a <a class=\"wpil_keyword_link\" href=\"https:\/\/wahi.com\/ca\/en\/real-estate\/on\"   title=\"real estate\" data-wpil-keyword-link=\"linked\">real estate<\/a> attorney review your agreement and make any necessary changes to ensure this information is clearly outlined.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How will home sale costs be divided? Selling a home doesn\u2019t just make you money, it also costs money. For example, as sellers, you will need to pay for staging costs, legal fees, REALTOR\u00ae commissions, property repairs and maintenance, taxes, and more. Make sure you keep a record of all costs incurred and clearly divide them up to avoid conflict later on.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Does your house involve trust ownership? Creating a living trust is a common reason that someone enters into a co-ownership agreement, as it can make it easier to hand a property down to a child or relative after an owner passes away. That said, selling a home with trust ownership can be complicated, as you will need to give the person who is conducting the closing a copy of the trust certificate.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\"><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/span><\/h3>\n<h3><strong>2. Hire a REALTOR\u00ae to help with your jointly owned house sale<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Our next tip is to hire a professional REALTOR\u00ae to help you sell your jointly owned home. Hiring a REALTOR\u00ae is usually recommended, whether one or multiple owners are selling a home. In the case of a co-ownership, we recommend choosing a REALTOR\u00ae who does not have ties to either owner. A neutral third party is usually the best option to avoid conflict.\u00a0<\/span><\/p>\n<h3><\/h3>\n<h3><span style=\"font-weight: 400;\"><span style=\"color: #ffffff;\">&#8211;\u00a0<\/span><\/span><span style=\"font-weight: 400;\"><\/span><\/h3>\n<h3><strong>3. Understand the tax repercussions of selling a co-owned home<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The amount of tax you will end up paying when selling a property that has multiple owners will ultimately depend on the ownership structure that was set up when you purchased it. For example, when you sell a house under a joint tenancy, both parties will likely need to pay capital gains tax. However, since you only own half the property, the tax you owe will be split up. (Of course, if you are a married couple and file a single tax return, you won\u2019t benefit from this. But if the co-owners file separately, they will only need to pay capital gains tax on their share of the property.) Meanwhile, for a tenancy-in-common, tax obligations will depend on the size of their property ownership. Typically, each co-owner will owe capital gains taxes proportionate to their ownership percentage outlined in the co-ownership agreement.\u00a0<\/span><\/p>\n<h3><strong>\u00a0<\/strong><\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||30px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text module_class=&#8221;BaseTitle&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_2_font=&#8221;||||||||&#8221; header_2_font_size=&#8221;2rem&#8221; header_2_line_height=&#8221;2.5rem&#8221; header_2_font_size_tablet=&#8221;2rem&#8221; header_2_font_size_phone=&#8221;1.5rem&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; header_2_line_height_tablet=&#8221;2.5rem&#8221; header_2_line_height_phone=&#8221;2.25rem&#8221; header_2_line_height_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Frequently Asked Questions<\/h2>\n<p>[\/et_pb_text][et_pb_toggle title=&#8221;Can you sell your portion of the house to your co-owner?&#8221; closed_toggle_background_color=&#8221;#ffffff&#8221; icon_color=&#8221;#BC4E40&#8243; toggle_icon=&#8221;&#x43;||divi||400&#8243; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;32px&#8221; open_icon_color=&#8221;#BC4E40&#8243; open_toggle_icon=&#8221;&#x42;||divi||400&#8243; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;32px&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; title_text_color=&#8221;#000000&#8243; title_level=&#8221;h2&#8243; title_font=&#8221;|700|||||||&#8221; body_text_color=&#8221;#686e6e&#8221; body_line_height=&#8221;2em&#8221; custom_margin=&#8221;||3px|||&#8221; custom_padding=&#8221;||17px|||&#8221; border_width_all=&#8221;0px&#8221; border_width_top=&#8221;1px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Unless your co-ownership agreement specifically restricts you from doing so, you should be able to sell all or part of your interest in the property to anyone you want to, including your co-owner. Be sure to read the co-ownership agreement carefully or have a lawyer review it to affirm your rights.\u00a0<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Who manages the monthly maintenance of a house in a co-ownership?&#8221; closed_toggle_background_color=&#8221;#ffffff&#8221; icon_color=&#8221;#BC4E40&#8243; toggle_icon=&#8221;&#x43;||divi||400&#8243; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;32px&#8221; open_icon_color=&#8221;#BC4E40&#8243; open_toggle_icon=&#8221;&#x42;||divi||400&#8243; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;32px&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; title_text_color=&#8221;#000000&#8243; title_level=&#8221;h2&#8243; title_font=&#8221;|700|||||||&#8221; body_text_color=&#8221;#686e6e&#8221; body_line_height=&#8221;2em&#8221; custom_margin=&#8221;||3px|||&#8221; custom_padding=&#8221;||17px|||&#8221; border_width_all=&#8221;0px&#8221; border_width_top=&#8221;1px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">This is up to the co-owners. Most co-ownership agreements will outline the rights and responsibilities of each co-owner. This means that the agreement should clearly state which co-owner is responsible for managing the monthly maintenance of the property, as well as how the costs of monthly maintenance are split among the co-owners.\u00a0<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;If a rental property is co-owned, can the rent the tenant pays be split up?&#8221; closed_toggle_background_color=&#8221;#ffffff&#8221; icon_color=&#8221;#BC4E40&#8243; toggle_icon=&#8221;&#x43;||divi||400&#8243; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;32px&#8221; open_icon_color=&#8221;#BC4E40&#8243; open_toggle_icon=&#8221;&#x42;||divi||400&#8243; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;32px&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; title_text_color=&#8221;#000000&#8243; title_level=&#8221;h2&#8243; title_font=&#8221;|700|||||||&#8221; body_text_color=&#8221;#686e6e&#8221; body_line_height=&#8221;2em&#8221; custom_margin=&#8221;||3px|||&#8221; custom_padding=&#8221;||17px|||&#8221; border_width_all=&#8221;0px&#8221; border_width_top=&#8221;1px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Again, a co-ownership agreement will outline the rights and responsibilities of each co-owner. If the property being purchased is a rental property, the agreement should also stipulate how rent is collected, who it is paid to, and how it is split between the co-owners. Therefore, if you want to know how the rent that a tenant pays will be split up, it\u2019s best to refer back to your co-ownership contract. If navigating your co-ownership agreement becomes difficult, you can always hire a co-ownership property manager to oversee the functioning of your property.<\/span><\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;48px||48px||true|false&#8221; global_module=&#8221;2651&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;Emily Southey&#8221; image=&#8221;https:\/\/wahi.com\/wp-content\/uploads\/2022\/11\/Screen-Shot-2022-11-02-at-7.46.57-PM.png&#8221; icon_placement=&#8221;left&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;24px&#8221; header_line_height=&#8221;1.2em&#8221; body_text_color=&#8221;#686E6E&#8221; body_line_height=&#8221;0em&#8221; width=&#8221;550px&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;&#8221; max_width_last_edited=&#8221;on|phone&#8221; module_alignment=&#8221;left&#8221; custom_padding=&#8221;2px||13px|||&#8221; header_font_size_tablet=&#8221;24px&#8221; header_font_size_phone=&#8221;20px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_line_height_tablet=&#8221;1.2em&#8221; header_line_height_phone=&#8221;1.4em&#8221; header_line_height_last_edited=&#8221;on|phone&#8221; custom_css_blurb_image=&#8221;width:64px;&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Wahi Writer<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||true|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][wahi_socialsharing module_class=&#8221;wahi_socialsharing_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/wahi_socialsharing][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;60px||3px||false|false&#8221; global_module=&#8221;2115&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; header_2_font_size=&#8221;2.63rem&#8221; header_2_line_height=&#8221;2.5rem&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;2rem&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>You might also like<\/h2>\n<p>[\/et_pb_text][et_pb_blog_extras posts_number=&#8221;3&#8243; include_categories=&#8221;21,23,129,22&#8243; blog_layout=&#8221;masonry&#8221; meta_date=&#8221;M j&#8221; excerpt_length=&#8221;0&#8243; show_more=&#8221;off&#8221; show_author=&#8221;off&#8221; category_color=&#8221;#686E6E&#8221; show_comments=&#8221;off&#8221; module_class=&#8221;zoom-blog&#8221; masonry_columns_tablet=&#8221;&#8221; masonry_columns_phone=&#8221;1&#8243; masonry_columns_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; filterable_category_font_size=&#8221;20px&#8221; active_filterable_category_font_size=&#8221;20px&#8221; header_font=&#8221;Lato||||||||&#8221; header_font_size=&#8221;1.25rem&#8221; header_line_height=&#8221;1.88rem&#8221; meta_text_color=&#8221;#686E6E&#8221; meta_font_size=&#8221;16px&#8221; custom_css_title=&#8221;font-weight:900!important;&#8221; custom_css_post_meta=&#8221;margin-top:-32px!important;&#8221; global_colors_info=&#8221;{}&#8221; custom_css_title__hover_enabled=&#8221;on|desktop&#8221; custom_css_title__hover=&#8221;font-weight:900!important; text-decoration:underline;&#8221;][\/et_pb_blog_extras][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Depending on the type of home co-ownership scenario you fall into, the process of selling your home can be different. 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