40/60 Condominium -

But when it works—when the down payment is acknowledged, the expenses are tracked, the exit is pre-negotiated, and the power is shared with grace—it is the most flexible, intelligent tool for two people with unequal resources to build equal peace of mind.

Conversely, the 60% owner must never be made to feel like an ATM. The moment the 40% owner says, “Well, you own more, so you pay for the new couch,” the partnership fractures. Ownership percentage is not a credit card limit. The 40/60 condominium is not broken. It is not unfair. It is simply high-maintenance . 40/60 condominium

But here is the kicker: Under Section 121, a married couple can exclude $500,000 in gains. Unmarried co-owners? Each gets only $250,000 of exclusion on their share of the gain. But when it works—when the down payment is

Partner B (the 40% owner) often argues: “I may own less, but I painted the walls. I fixed the leaky faucet. I waited for the plumber.” Ownership percentage is not a credit card limit

Conversely, the 60% owner may cover the $12,000 special assessment for a new roof. Under standard Tenancy in Common (TIC) rules, that 60% owner just increased their stake to 62%, because they paid 100% of the assessment. The 40% owner now owes the 60% owner a proportional debt—unless the agreement says otherwise.

By J. Hartwell