{"ok":true,"canonical_url":"https://dealroom.so/glossary/community-property-rights","api_url":"https://dealroom.so/api/public/glossary/community-property-rights","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"community-property-rights","term":"Community property rights","group":"People and paperwork","definition":"Legal rights in certain states where spouses equally own assets acquired during marriage. Buyers must be aware of these rights to ensure all necessary spousal consents are obtained from the seller to avoid future disputes over ownership.","what_it_means":"In community property states, a non-owner spouse may have an ownership interest in business assets, even if not listed as a shareholder or signatory. Your lender will require spousal consents from the seller's spouse to waive any community property rights in the collateral securing your SBA loan and the business assets being purchased.","url":"https://dealroom.so/glossary/community-property-rights","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"marital-interest","term":"Marital interest","url":"https://dealroom.so/glossary/marital-interest"},{"slug":"personal-guarantee","term":"Personal guarantee","url":"https://dealroom.so/glossary/personal-guarantee"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"}],"related_questions":[{"question":"Can an SBA 7(a) loan finance the purchase of intellectual property rights from a third party?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property-rights-from-a-third-part"},{"question":"If the business property is owned by the seller's separate entity, can the SBA 7(a) loan include financing for both the business and the property?","url":"https://dealroom.so/sba-7a/questions/if-the-business-property-is-owned-by-the-seller-s-separate-entity-can-the-sba-7-a-loan-inc"},{"question":"What if the business property is owned personally by the seller?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-property-is-owned-personally-by-the-seller"},{"question":"Can an SBA 7(a) loan finance the purchase of intellectual property?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-finance-the-purchase-of-intellectual-property"},{"question":"What if my business has very little physical property to offer as collateral?","url":"https://dealroom.so/sba-loans/basics/what-if-my-business-has-very-little-physical-property-to-offer-as-collateral"},{"question":"Can an SBA 7(a) loan finance property improvements on leased land or buildings?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-property-improvements-on-leased-land-or-buildings"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Community property rights","url":"https://dealroom.so/glossary/community-property-rights","source_type":"DealRoom Data"}}