Inestment property co ownwrer agreement

This form agreement can be used for property in any U.S. state. It will work when the property is owned in equal shares or unequal shares. Additional language can be added where the percentage of ownership will change over time, or where one party will lend the other money.

This sample agreement is comprehensive and complete, and is designed to protect the parties in case of unforeseen events or disagreements, as well as following death or separation. But the agreement is not written in “legalese”. It is plain English designed to be easy to understand and customize. The agreement is seven pages in length and includes a detailed table of contents for easy reference.

This sample agreement includes the following sections:

EXPENSE ALLOCATIONS
LOANS AND ENCUMBRANCES
GENERAL TRANSFER RESTRICTIONS
MANDATORY SALE OR BUYOUT
DISTRIBUTION OF PROCEEDS
DEATH OF AN ORIGINAL OCCUPANT
DISPUTE RESOLUTION
NOTICES
TITLE AND ALLOCATIONS
PARTNERSHIP NOT INTENDED
CO-OWNERSHIP SHARES AND CO-OWNERS
PARTITION
AMENDMENTS
OTHER GENERAL PROVISIONS
ATTORNEY FEES

Important issues covered by this agreement template include:

This form agreement is intended for partners who are neither married nor registered domestic partners, but it can also be used by married or registered couples if an additional paragraph is added. The necessary content of that additional paragraph depends on two factors: (i) the law of the state where the parties reside; and (ii) whether the parties enter into the agreement before or after their marriage/registration.

This agreement template will require only fill-in-the-blank modifications for the vast majority of couples. It can be used as a stand-alone document, or together with our Memorandum of Agreement [link here] for even greater protection. For those co-owners with more complicated arrangements, our attorneys can assist with suggestions and modifications for a modest additional fee.