During my marriage my wife and I purchased two properties together with my wife’s parents. In both cases my wife and I paid for three quarters of the loans taken out to finance the purchase, and her parents helped us by taking an additional mortgage. One property was registered at the Land Registry and the other with a building company. Recently my wife’s parents have become very ill and I fear their days are numbered. What would my share be in each of the properties ?By: דיאנה שאלתיאל•Published on: 12 May, 2022
The answer to the question depends on where the properties were registered. When a property is jointly registered at the Land Registry without any mention of the share of each of the owners, then there is a legal assumption under the 1969 Land Law that each party owns an equal share. However, it is possible to ensure an unequal partnership regarding property rights, by agreement between the parties, who can do this at any time, including when they divide their partnership in the property.