If you are planning on buying real estate in Virginia along with someone else, then you must take several factors into account, particularly when the other co-owner is not your husband or wife, or a family member whom you trust.
First, consider the form of taking title. Please read our article on Types of Deeds in Virginia which explains the various forms of ownership. In situations involving unmarried individuals, the choices will primarily be between taking ownership as tenants in common or as joint tenants with the right of survivorship. Understanding the differences between the two is vital because each specific type has drastically different consequences. Consider the following example: