Do I even have to do it at all? Honestly, we are fine with just signing/notarizing something on the side if it will have the same latent effects.
(Yes, I will be getting in touch with a real estate attorney, but I wanted to know ahead of time what I need to do, too)
I will be the only one on the mortgage, and currently the titling/deed will be just mine. Closing on this house has been a nightmare, so I’m not trying to add any extra hassle to it, and I definitely don’t want to push it back more (already over a month late closing).
I want to do a 30% equity share with my partner for his contributions: helping to care for and fix up our prior home, a couple years of SAHD child-rearing, etc., and it doesn’t feel fair to have him money-dumping like a renter with nothing to show for it.
He did (and will continue to) pay his share of our home expenses by income ratio of mine:his. It was about 3:1, and expect it to stay the same, more or less.
He will continue to contribute that, and also 30% of costs of future upkeep, maintenance, and improvements. E.g., new water heater, paving the driveway, installing a fence.