Buying with someone? Agree shares in writing

Buying with a spouse, a sibling or a friend can bring a home within reach, but it joins your plans for years. Names on the ownership document, each person's share and who pays which costs are easy to settle at the start and hard to untangle later. A joint mortgage may hold each borrower responsible for the whole loan, not only their share. Before you make an offer, write down the shares, how the Down Payment, instalments and service charges will be split, and what happens if one person wants to sell or can no longer pay. Ask a qualified legal adviser to turn this into a written agreement. Example: two siblings buying a Masdar City apartment agree a buyout process before transfer day. Prepared by Masterpiece Property. AI-generated illustration, not a photograph of an actual property or project.