ContractStore - Co-ownership Agreement

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P132 - Co-Ownership Agreement

Description and usage
Co-Ownership Agreement

This co-ownership agreement is for use where one person is the owner of a house or flat and wishes to share ownership of the beneficial interest with someone else.

Written as a ‘Declaration of Trust’, the agreement covers

definitions and interpretation
payment of the investment sum
declaration of trust
liability for payment of the outgoings
occupation
owner’s obligations
entitlement to any income
no assignment of a beneficial interest and new trust
sale of the property
registration of a restriction at the Land Registry

This document is suitable for two friends, partners or relatives who share accommodation where the title to the property is registered in the name of only one of them.

It deals with the percentage shares of ownership as well as income and expenditure. It also deals with the possible sale of the property and any mortgage.

What's in it? - See detailed Explanatory Notes below

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Co-Ownership Agreement

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You will find this contract in:

	Full Catalogue
	Joint Venture Agreements and Collaborating Contracts
	Property & Premises

You may also find these contracts of use:

P101L	Licence to Occupy Offices
P104L	Authorised Guarantee Agreement
P108L	Commercial Lease of Office Building
P123L	Licence to Share Occupation of Business Premises
P133	Property Co-ownership Agreement

What's in it?

Whilst for obvious reasons we can't show you the actual item before you purchase it, we can do the next best thing. We show you the explanatory notes that go with each contract and, in the case of books and forms, a brief summary. These will give you a good idea of the content of the document before you buy it.

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