Quasi Community Property Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Quasi Community Property, written in plain English, along with examples of how it is used.
What is Quasi Community Property?
(n) When a couple not legitimately married but living together as if husband and wife acquires some property during such period of quasi marriage they are classified as ‘Quasi Community Property’.
History and Meaning of Quasi Community Property
Quasi community property refers to property acquired by couples who live together as husband and wife for a certain amount of time, but are not legally married. The term originated in California, which is one of only nine US states that recognizes this concept.
Examples of Quasi Community Property
A couple lives together for 10 years in California and purchases a house, with only one partner's name on the mortgage. If they break up, the non-titled partner may still have a right to a portion of the home's value as quasi community property.
A couple in California opens a joint bank account and deposits their paychecks into it. If they were to separate, the funds in that account would be divided equally as quasi community property.
Two partners in California buy a car together and both contribute to the monthly car payments. If they separate, the value of the car and any remaining payments may be considered quasi community property.
Legal Terms Similar to Quasi Community Property
- Community Property: This refers to property acquired during a marriage that is owned equally by both parties.
- Separate Property: Property owned by one spouse before the marriage, or acquired during the marriage through inheritance or gift.
- Common Law Marriage: A marriage that is considered legal and binding even though there was no official marriage ceremony.