Common Contracts
1 similar Sole and Separate Property Agreement contracts
What is a sole and separate property agreement. What does sole and separate property mean in california. What is a separate property agreement.Sole and Separate Property Agreement • January 12th, 2024
. A. Spouses must agree on any actions that affect their shared or separate real property, unless it is a purchase-money mortgage or otherwise stated in this subsection. This includes selling, buying, mortgaging, or leasing any property they own together or separately as joint or common tenants. Spouses must also agree on any leases that last longer than five years or have no fixed term. If one spouse tries to act alone against this section, it will be invalid, except if they transfer, buy, mortgage, or lease to the other spouse. Spouses can act alone on their separate property, unless this section says otherwise. B. This section does not change the right of one spouse to act alone with a valid power of attorney, as in Section 47-1-7 NMSA 1978, on any shared or separate property they own as joint or common tenants. It also does not change the right of a spouse who did not join an action to approve it later in writing. History: This section was enacted in 1973, amended in 1975 and 1993,
