Ask Experts Questions for FREE Help !
Ask
    BETHAUBRY's Avatar
    BETHAUBRY Posts: 2, Reputation: 1
    New Member
     
    #1

    May 12, 2014, 12:31 PM
    Building house on fiancé's land (OHIO)?
    Hello, I have a question I am building a house and will be paying cash (around $200,000). Can I build this on property that is in my fiancé name or does it have to be in my name? We will not be married for several years but plan to build the house in a few months. Thanks in advance for your advice :)
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
     
    #2

    May 12, 2014, 12:37 PM
    You are aware if you build it on his land and you break up... its HIS house?

    You might want to reconsider until your name is on the deed of the land as well, AND you are marrried.

    Lots can go wrong and all of those will increase your security in your interests.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #3

    May 12, 2014, 12:49 PM
    I agree with smoothy - you will have to draw building permits in his name, and it will go on the tax roles in his name. This would be one very nice gift you are making him. My suggestion is see a lawyer about how to title the property and/or draw up a contract so that both your interests are protected. If you were married there would be protections for your financial interests in case of divorce, but there are no such protections for unmarried people - what happens in case of a split up must be spelled out in a contract.
    BETHAUBRY's Avatar
    BETHAUBRY Posts: 2, Reputation: 1
    New Member
     
    #4

    May 12, 2014, 01:11 PM
    Thank you so much :) he is willing to deed the property over to me prior to our marriage because this will be my kids inheritance and we will have a prenup prior to our marriage.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #5

    May 12, 2014, 02:26 PM
    As others have suggested, you would be very foolish to invest this kind of cash without the guidance of an attorney.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
    Expert
     
    #6

    May 12, 2014, 03:45 PM
    Quote Originally Posted by BETHAUBRY View Post
    Thank you so much :) he is willing to deed the property over to me prior to our marriage because this will be my kids inheritance and we will have a prenup prior to our marriage.
    Wait until his actions have matched his words before you start any investment in his property.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #7

    May 12, 2014, 03:55 PM
    I agree, I would not start any building, unless the property in my name. There should also be a specific legal agreement showing he is giving you the land and he will make no claim to it. ** sorry but also foolish on his part, if you did break up.

    Prenup only good, if you marry, so not valid before marriage. And be aware some prenup have been broken in court, after a number of years.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Legal issues building house on parents land, TN [ 6 Answers ]

My father is deceased and my mother has advancing Alzheimer's Disease. They had both always maintained that upon their deaths the property was to be equitably divided between my sister, my brother and myself. My sister had been living in a mobile home behind our mother and helping her with bills,...

Buying a new house with land and someone's else home is half way on my land. [ 1 Answers ]

I live in Alabama and would like any suggestions on what my rights are?

What would happen if I have to default on a land contract in Ohio and how would it ef [ 1 Answers ]

What would happen if I would have to default on a land contract and how would it affect my credit


View more questions Search