Deciphering sales contracts between you and your spouse can be confusing
In this Real Estate Video Mike Mullin Sales Representative for Royal LePage RCR Realty In Orangeville Ontario talks with Chris Harrison an Orangeville Lawyer about spousal consent.
Deciphering sales contracts can be confusing
In many cases, there will be a spousal consent line on agreement of purchase and sale and a space for a signature. The reason for this space is for situations where only one person in a marriage is a titled holder of the real estate.
In a situation where real estate is held in only one name, the titled spouse cannot sell or put a mortgage on your Orangeville family home without spousal consent. Even real estate owned singly prior to a marriage still requires signature of the non-titled spouse if it is the marital or family home.