Brian Madigan LL.B., Broker
BRMadigan@Rogers.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

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Dividing up the Matrimonial Home Between Spouses (Ontario)

January 26, 2018 - Updated: January 26, 2018

Dividing up the Matrimonial Home Between Spouses (Ontario)
 

There are two issues under the Family Law Act concerning a matrimonial home:
 

1)    Possession,
 

2)    Equity.
 

 

The Act says that you can’t deal with the issue of possession. But, of course, you could deal with equity.

 

Possession

 

That means that one spouse can never change the locks and prevent the other spouse from living there, even if it said so in a domestic agreement (pre-nup). That provision would be void.
 

The right to continue to live in the premises is a personal right as against the other spouse. If that spouse loses possession to the Bank, then, this is not an action against the Bank.
 

Equity
 

When dealing with the matter of the equity in the home, a contract (pre-nup) could say that the matrimonial home is excluded property and therefore the non-titled spouse will not share. And, that’s perfectly fine.
 

Division of Property
 

If nothing is said at all, then the arrangement will be:
 

1)    Both spouses share equally in the profits made during the marriage, and
 

2)    Both spouses share equally in the equity in the matrimonial home.
 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: family law matrimonial home domestic agreement pre-nup possession equity family law act ontario law
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Phone: 416-745-2300

BRMadigan@Rogers.com

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