What is a deed of division?
The deed of division is a notarized document that sets forth how jointly owned property, such as a home, is to be divided following a divorce. If you or your ex-partner continues to live in the home, the deed of division stipulates that the home will be registered entirely in the name of the partner who remains there. This document is essential for legally establishing ownership rights and for meeting the requirements of the bank and the land registry.
More questions about divorce or separation
- Are you still entitled to mortgage interest deduction after a divorce?
- Do I need a notary to change the mortgage in a divorce?
- What about mortgage interest deduction after a divorce?
- What happens to home equity when buying out a partner?
- What happens to my interest-only mortgage if I buy out my partner after a divorce?
- What if I do not meet the income requirements after the divorce?
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