What does my husband need to do to purchase land if I do not sign the contract?
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What does my husband need to do to purchase land if I do not sign the contract?
My husband wants to purchase grazing land out of state. The last conversation we had ended with him wanting to purchase it and me not wanting to purchase it. This was 2 to 3 weeks ago. A few days ago, the buy/sell agreement for the land was e-mailed to us (to my surprise). It is currently listing me as joint owner with a place to sign. For various reasons, I do not feel that this is an appropriate transaction at this time. What if I don’t sign the agreement?
Asked on October 18, 2011 under Real Estate Law, Colorado
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
If you do not sign the proposed buy sell agreement for the grazing land that you do not want to purchase but your husband wants to with your and his names on it, the result may be a whole new buy sell agreement with only his name on it. You are under no obligation to sign the submitted buy sell agreement.
If that happens and the sale closes, he has the option to have legal title placed solely in his name or jointly in his and your names.
I recommend that you sit down with your husband to discuss what his intent is with respect to the grazing land that you have written about.
Good luck.
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