When buying a house or land together, whose name will be in the title?

At the present time, jointly buying houses and land has become relatively familiar to everyone. It can be family members or friends who contribute capital to invest together. Or business partners jointly buy real estate to use as a farming and production base, etc.

However, in reality, there are quite a few people who are still vague about the legal regulations on buying houses and land together as well as the benefits they are entitled to. This fact poses many risks in the future.

Many audiences have contacted PL & Partners Law Firm to ask for advice on joint real estate purchases. In which, there are many questions with similar content.

And today we will answer a question from an audience that I think covers most of the same ones.

The question is as follows:

“Hello lawyer.

Currently, I am planning to contribute capital to buy a plot of land with two friends.

However, my wife stopped me because she thought there would be many complicated issues and I wouldn’t get the same benefits as I bought it separately.

So I want to ask you that, if I jointly buy land like that, whose name will be in the title? What are the benefits of joint buyers?”.