Sometimes, one of the most challenging aspects in a marital settlement arrangement, other than child custody, is deciding what to do with the marital home. In many cases, both spouses jointly own the property, but only one spouse still lives in the marital home and that spouse desires not to move. One way to deal with such a situation is to give the spouse desiring to stay an opportunity to buy out that spouse’s one-half ownership of the home. One example of this situation was a case recently decided by the 4th District Court of Appeal.
The case involved the 2013 divorce of a Broward County couple. The couple reached an agreement, which the trial court approved, regarding the marital home. That agreement called for putting the house up for sale, but it also gave the husband a right of first refusal, meaning that, once an offer was received on the home, the husband had the right to match the offer and purchase the property himself, as long as he paid the wife cash.
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Fort Lauderdale Divorce Lawyer Blog













