I am going to purchase a townhouse with my daughter. She has to be on the title because the HOA requires the approval of non-owner residents. We are titling it as Joint owners with the right of survivorship. My daughter is not contributing to the down payment. If I mortgage the property is my gift amount to my daughter deemed to be based on the 20% down payment or based on the full value of the house. I was not planning to put my daughter on the mortgage but am not sure if I need to do that to avoid her getting a gift for 1/3 of the full value of the house.
