Joint ownership agreement: residential property
This is a comprehensive agreement to record the joint ownership of a single property.
Each owner lives in the property, but with living accommodation divided so that the only commonly shared area is the main exterior entrance.
This document provides set of rules to regulate management and use of the property.
It is suitable to use where the owners agree to share the property in one set of ratios and contribute towards costs and expenses in another set of percentages.
The agreement includes paragraphs covering eventual sale, agreed uses of the property, and obligations of the owners.Read More