[{"data":1,"prerenderedAt":516},["ShallowReactive",2],{"document-co-ownership-agreement-D13256":3},{"document":4,"label":24,"preview":11,"thumb":25,"thumb600":26,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":27,"breadcrumb":31,"related":39,"customDescModule":178,"customdescription":6,"mdFm":179,"mdProseHtml":515},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":23},"CO-OWNERSHIP AGREEMENT This Co-Ownership Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF CO-OWNER A] (\"Co-Owner A\"), an individual with their main address located at: [YOUR COMPLETE ADDRESS] AND: [NAME OF CO-OWNER B] (\"Co-Owner B\"), an individual with their main address located at: [COMPLETE ADDRESS] Collectively, Co-Owner A and Co-Owner B shall be referred to as the \"Parties\" or \"Co-Owners.\" WHEREAS, the Co-Owners have, simultaneous with the execution hereof, each acquired a Fifty Percent (50%) undivided interest as Tenants-in-Common in and to that certain real property described generally as [DESCRIBE THE SPECIFICS OF THE PROPERTY] (the \"Property\"); WHEREAS, the Co-Owners own their respective interests in the Property as Tenants-in-Common, subject to the terms, covenants and conditions set forth below, which terms are necessary to ensure the proper and orderly management and operation of the Property during the period of the Co-Owners' co-ownership; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [THE ADDRESS] and the legal description of the Property is as follows: [SPECIFY THE LEGAL DESCRIPTION OF THE PROPERTY], which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). TERM This Agreement shall be for a term of successive [YEAR] year periods, commencing on the date of execution hereof, and terminating on [DATE] unless either Party terminates this Agreement by delivering written notice to the other Party or by a mutual termination of this Agreement by both Parties, in writing. MANAGEMENT The Co-Owners appoint [SPECIFY PERSON/COMPANY] as the manager of the Property (\"Manager\"), on a renewable annual basis, to handle such matters as the lease, operation, and maintenance of the Property. The duties of the Manager are mentioned in Annexure A, which is attached to this Agreement. Instructions to the Manager may be issued by either of the Co-Owners, except that, in the event of the sale or refinancing of the Property, the consent of both Co-Owners shall be required. OPERATING CAPITAL AND EXPENSES In the event the Manager determines, from time to time, that additional capital from the Co-Owners is required (whether for capital improvements or ordinary and routine operating expenses, including insurance, taxes, snow removal, utilities, and furniture for the Property) to operate, improve, or otherwise manage the Property, the Manager shall so notify the Co-Owners, in writing, of the total additional sum required, and request that each Co-Owner submits Fifty Percent (50%) (or the amount of each Co-Owner's proportionate share of said total, if different), within [NUMBER OF DAYS] days after receipt of said written notice. Emergency Advances. Regardless of the determination by the Manager regarding additional capital needs and requirements from the Co-Owners, should either Co-Owner determine that an \"emergency condition\" exists, that Co-Owner shall be entitled to make advances to protect and preserve the value of the real estate. An \"emergency condition\" shall include any necessary expense or capital improvement to protect and preserve the value of the real estate from immediate threat of significant harm. Should either Co-Owner make such advances, he should give the other Co-Owner written notice thereof within [NUMBER OF DAYS] days after making the advance. The failure of either Co-Owner to make such additional contribution within [NUMBER OF DAYS] days after receipt of notice requesting same shall constitute a material breach of this Agreement, and the non-contributing Co-Owner shall be considered in default hereunder. The non-defaulting Co-Owner shall have the right, but not the obligation, to pay the defaulting Co-Owner's pro rata share of such additional contribution. The non-defaulting Co-Owner so electing to pay the defaulting Co-Owner's share shall be entitled to a percentage of the defaulting Co-Owner's interest. A portion of the defaulting Co-Owner's interest shall be transferred to the non-defaulting Co-Owner who has made said payment. RIGHT OF FIRST REFUSAL AS CONDITION PRECEDENT TO SALE TO THIRD PARTY Sale of the Property. Either Co-Owner shall have the right to sell, exchange or otherwise transfer its interest in the Property, or any part thereof, after having first offered to sell said interest to the other Co-Owner in accordance with the following procedure: The interest in the Property which the transferring Co-Owner intends to sell, exchange or otherwise transfer (whether such interest includes all or a portion of the Co-Owner's interest) shall first be offered in writing to the other Co-Owner at the stated price at which the interest is proposed to be sold to a third party. The other Co-Owner shall have a period of [NUMBER OF DAYS] days after receipt of such notice in which to accept or reject said offer, in writing. In the event the non-transferring Co-Owner rejects the offer, then the transferring Co-Owner shall be free to sell its interest in the Property on the terms set forth in the notice and on no other terms. In the event the non-transferring Co-Owner accepts the offer, then the non-transferring Co-Owner shall purchase the interest of the transferring Co-Owner on the terms set forth in said notice within [NUMBER OF DAYS] days after the acceptance of said offer. The selling Co-Owner shall pay any and all title insurance premiums and reasonable closing costs associated with said transfer. RIGHT OF PARTITION The Co-Owners agree generally that any Tenant-in-Common (and any of its successors-in-interest) shall have the right, while this Agreement remains in effect, to have the Property partitioned, and to file a complaint or institute any proceeding at law or in equity to have the Property partitioned, in accordance with, and to the extent provided by, applicable law. The Co-Owners acknowledge and agree that partition of the Property may result in a forced sale by both the Co-Owners",null,"Co-Ownership Agreement","7",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/co-ownership-agreement-D13256.png","https://templates.business-in-a-box.com/imgs/250px/13256.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13256.xml",{"title":15,"description":6},"co-ownership agreement",[17,20],{"label":18,"url":19},"Human Resources","/templates/human-resources/",{"label":21,"url":22},"Company Policies","/templates/company-policies/","co ownership agreement","Co-Ownership Agreement Template","https://templates.business-in-a-box.com/imgs/400px/13256.png","https://templates.business-in-a-box.com/imgs/600px/13256.png",[28,17,20],{"label":29,"url":30},"Templates","/templates/",[32,33,36],{"label":29,"url":30},{"label":34,"url":35},"Legal Agreements","/templates/business-legal-agreements/",{"label":37,"url":38},"Partnerships & Joint Ventures","/templates/partnerships-and-joint-ventures/",[40,44,48,52,56,60,64,68,72,76,80,84,88,104,117,134,149,165],{"label":41,"url":42,"thumb":43,"extension":10},"Co-Habitation Agreement","/template/co-habitation-agreement-D12997","https://templates.business-in-a-box.com/imgs/250px/12997.png",{"label":45,"url":46,"thumb":47,"extension":10},"Co-Founder Agreement","/template/co-founder-agreement-D13317","https://templates.business-in-a-box.com/imgs/250px/13317.png",{"label":49,"url":50,"thumb":51,"extension":10},"Co-Branding Agreement","/template/co-branding-agreement-D746","https://templates.business-in-a-box.com/imgs/250px/746.png",{"label":53,"url":54,"thumb":55,"extension":10},"Checklist Co-Branding Agreement","/template/checklist-co-branding-agreement-D745","https://templates.business-in-a-box.com/imgs/250px/745.png",{"label":57,"url":58,"thumb":59,"extension":10},"Certificate Of Ownership","/template/certificate-of-ownership-D12697","https://templates.business-in-a-box.com/imgs/250px/12697.png",{"label":61,"url":62,"thumb":63,"extension":10},"Board Resolution Acknowledging Ownership of and Merger with Company","/template/board-resolution-acknowledging-ownership-of-and-merger-with-company-D25","https://templates.business-in-a-box.com/imgs/250px/25.png",{"label":65,"url":66,"thumb":67,"extension":10},"Shareholders Agreement","/template/shareholders-agreement-D1016","https://templates.business-in-a-box.com/imgs/250px/1016.png",{"label":69,"url":70,"thumb":71,"extension":10},"Shareholder Loan Agreement","/template/shareholder-loan-agreement-D13239","https://templates.business-in-a-box.com/imgs/250px/13239.png",{"label":73,"url":74,"thumb":75,"extension":10},"Shareholder Nominee Agreement","/template/shareholder-nominee-agreement-D14055","https://templates.business-in-a-box.com/imgs/250px/14055.png",{"label":77,"url":78,"thumb":79,"extension":10},"Adhesion to the Unanimous Shareholder Agreement","/template/adhesion-to-the-unanimous-shareholder-agreement-D848","https://templates.business-in-a-box.com/imgs/250px/848.png",{"label":81,"url":82,"thumb":83,"extension":10},"Non-Profit Partnership Agreement","/template/non-profit-partnership-agreement-D14023","https://templates.business-in-a-box.com/imgs/250px/14023.png",{"label":85,"url":86,"thumb":87,"extension":10},"Agreement Between Owner and Contractor","/template/agreement-between-owner-and-contractor-D142","https://templates.business-in-a-box.com/imgs/250px/142.png",{"description":89,"descriptionCustom":6,"label":90,"pages":91,"size":9,"extension":10,"preview":92,"thumb":93,"svgFrame":94,"seoMetadata":95,"parents":97,"keywords":96,"url":103},"PARTNERSHIP AGREEMENT This Partnership Agreement (\"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"First Partner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTNER NAME] (the \"Second Partner\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Partners desire to join together for the pursuit of common business goals. Partners have considered various forms of joint business enterprises for their business activities. Partners desire to enter into a partnership agreement as the most advantageous business form for their mutual purposes. The parties hereto agree to form a limited partnership (the \"Partnership\") under [LAW, CODE OR ACT]. In consideration of the mutual promises contained in this agreement, partners agree as follows: NAME AND DOMICILE The name of the partnership shall be [name]. The principal place of business shall be at [address], [city], [state/province], unless relocated by consent of the partners. Purposes Subject to the limitations set forth in this Agreement, the purposes of the Partnership are to engage in the business of [DESCRIBE ACTIVITIES]; and to conduct other activities as may be necessary or incidental to or desirable in connection with the foregoing. DURATION OF AGREEMENT The term of this agreement shall be for [number] years, commencing on [date], and terminating on [date], unless sooner terminated by mutual consent of the parties or by operation of the provisions of this agreement. CLASSIFICATION AND PERFORMANCE BY PARTNERS Partners shall be classified as active partners, advisory partners, or estate partners. An active partner may voluntarily become an advisory partner, may be required to become one irrespective of age, and shall automatically become one after attaining the age of [age] years, and in each case shall continue as such for [number] years unless the partner sooner withdraws or dies. If an active partner dies, the partner's estate will become an estate partner for [number] years. If an advisory partner dies within [Number] years of having become an advisory partner, the partner will become an estate partner for the balance of the [number]-year period. Only active partners shall have any vote in any partnership matter. At the time of the taking effect of this partnership agreement, all the partners shall be active partners except [name] and [name], who shall be advisory partners. An active partner, after attaining the age of [age] years, or prior to that age if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of all the other active partners determines that the reason for the change in status is bad health, may become an advisory partner at the end of any calendar month on giving [number] calendar months' prior notice in writing of the partner's intention to do so. The notice shall be deemed to be sufficient if sent by registered mail addressed to the partnership at its principal office at [address], [city], [state/province] not less than [number] calendar months prior to the date when the change is to become effective. Any active partner may at any age be required to become an advisory partner at any time if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of the other active partners shall decide that the change is for any reason in the best interests of the partnership, provided notice of the decision shall be given in writing to the partner. The notice shall be signed by the [chairman or as the case may be] of the [executive committee or as the case may be] or, in the event of his or her being unable to sign at the time, by another member of the [executive committee or as the case may be]. The notice shall be served personally on the partner required to change his or her status or mailed by registered mail to the partner's last known address. Change of the partner's status shall become effective as of the date specified in the notice. Every active partner shall automatically and without further act become an advisory partner at the end of the fiscal year in which the partner's birthday occurs. In the event that an active partner becomes an advisory partner or dies, the partner or the partner's estate shall be entitled to the following payments at the following times: [describe] Each active partner shall apply all of the partner's experience, training, and ability in discharging the partner's assigned functions in the partnership and in the performance of all work that may be necessary or advantageous to further the business interests of the partnership. CONTRIBUTION Each partner shall contribute [amount] on or before [date] to be used by the partnership to establish its capital position. Any additional contribution required of partners shall only be determined and established in accordance with Article Nineteen. MANAGEMENT OF THE PARTNERSHIP The Partnership shall be managed by [SPECIFY]. Subject to the limitations specifically contained in this Agreement, [PARTY MANAGING THE PARTNERSHIP] shall have the full, exclusive and absolute right, power and authority to manage and control the Partnership and the property, assets and business thereof. [PARTY MANAGING THE PARTNERSHIP] shall have all of the rights, powers and authority conferred by law or under other provisions of this Agreement. Without limiting the generality of the foregoing, such powers include the right on behalf of the Partnership, in [PARTY MANAGING THE PARTNERSHIP]' sole discretion, to: Acquire, purchase, renovate, improve, and own any property or assets necessary or appropriate or in the best interests of the business of the Partnership, and to acquire options for the purchase of any such property; Borrow money, issue evidences of indebtedness in connection therewith, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any indebtedness or obligation of the Partnership, and secure such indebtedness by mortgage, deed of trust, pledge or other lien on Partnership assets; Sue on, defend or compromise any and all claims or liabilities in favor of or against the Partnership and to submit any or all such claims or liabilities to arbitration; File applications, communicate and otherwise deal with any and all governmental agencies having jurisdiction over, or in any way affecting, the Partnership's assets or any part thereof or any other aspect of the Partnership business; Retain services of any kind or nature in connection with the Partnership business, and to pay therefore such remuneration deem reasonable and proper; and Perform any and all other acts deem necessary or appropriate to the Partnership business. TRANSFER OF PARNERSHIP INTERESTS Restrictions on Transfer None of the Partners shall sell, assign, transfer, mortgage, encumber, or otherwise dispose of the whole or part of that Partner's interest in the Partnership, and no purchaser or other transferee shall have any rights in the Partnership as an assignee or otherwise with respect to all or any part of that Partnership interest attempted to be sold, assigned, transferred, mortgaged, encumbered, or otherwise disposed of, unless and to the extent that the remaining Partner(s) have given consent to such sale, assignment, transfer, mortgage, or encumbrance, but only if the transferee forthwith assumes and agrees to be bound by the provisions of this Agreement and to become a Partner for all purposes hereof, in which event, such transferee shall become a substituted partner under this Agreement.","Partnership Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/partnership-agreement-D12551.png","https://templates.business-in-a-box.com/imgs/250px/12551.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12551.xml",{"title":96,"description":6},"partnership agreement",[98,100],{"label":34,"url":99},"business-legal-agreements",{"label":101,"url":102},"Partnership Agreements","partnership-agreement","/template/partnership-agreement-D12551",{"description":105,"descriptionCustom":6,"label":106,"pages":8,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":112,"keywords":115,"url":116},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. (c) The Venture shall not pay interest on capital contributions of any Venturer.","Joint Venture Agreement",70,"https://templates.business-in-a-box.com/imgs/1000px/joint-venture-agreement-D889.png","https://templates.business-in-a-box.com/imgs/250px/889.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#889.xml",{"title":6,"description":6},[113,114],{"label":34,"url":99},{"label":34,"url":99},"joint venture agreement","/template/joint-venture-agreement-D889",{"description":118,"descriptionCustom":6,"label":119,"pages":8,"size":120,"extension":10,"preview":121,"thumb":122,"svgFrame":123,"seoMetadata":124,"parents":125,"keywords":132,"url":133},"PROPERTY MANAGEMENT AGREEMENT This Property Management Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Owner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [AGENT NAME] (the \"Agent\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Owner holds title to the following-described real property: [insert legal or other appropriate description], here referred to as the property. Agent is experienced in the business of operating and managing real estate similar to the above-described property. Owner desires to engage the services of agent to manage and operate the property, and agent desires to provide such services on the following terms and conditions. In consideration of the mutual covenants contained herein, the parties agree: EMPLOYMENT OF AGENT Agent shall act as the exclusive agent of owner to manage, operate and maintain the property. BEST EFFORTS OF AGENT On assuming the management and operation of the property, agent shall thoroughly inspect the property and submit a written report to owner. The written report shall contain the opinion of agent concerning the present efficiency under which the property is being managed and operated, and recommended changes, if necessary, in the management structure of the property, in the rehabilitation of the property, and any other matters that will improve the efficient management and operation of the property. After conferring with owner and obtaining approval to make any necessary improvements, agent shall undertake completion of the improvements. LEASING OF PROPERTY Agent shall make reasonable efforts to lease available space of the property, and shall be responsible for all negotiations with prospective tenants. Agent shall also have the right to execute and enter into, on behalf of owner, month-to-month tenancies of units of the property. Agent may negotiate all extensions and renewals of such month-to-month tenancies and leases. Agent shall not, without the prior written consent of owner, enter into any lease for a term less than [NUMBER] months or more than [NUMBER] months. Agent shall have the right to make concessions, including rental concessions, as inducements to prospective tenants to occupy the property. ADVERTISING AND PROMOTION Agent shall advertise vacancies by all reasonable and proper means; provided, agent shall not incur expenses for advertising in excess of [AMOUNT] during any calendar quarter without the prior written consent of owner. MAINTENANCE, REPAIRS AND OPERATIONS Agent shall use its best efforts to insure that the property is maintained in an attractive condition and in a good state of repair. In this regard, agent shall use its best skills and efforts to serve the tenants of the property and shall purchase necessary supplies, make contracts for, or otherwise furnish, electricity, gas, fuel, water, telephone, window cleaning, refuse disposal, pest control, and any other utilities or services required for the operation of the property. Agent shall make or cause to be made and supervise necessary repairs and alterations and shall decorate and furnish the property. Expenditures for repairs, alterations, decorations or furnishings in excess of [AMOUNT] shall not be made without prior written consent of owner, except in the case of emergency, or if agent in good faith determines that such expenditures are necessary to protect the property from damage, to prevent injury to persons or loss of life, or to maintain services to tenants. EMPLOYEES Agent shall employ, discharge and supervise all on-site employees or contractors required for the efficient operation and maintenance of the property. All on-site personnel, except independent contractors and employees of independent contractors, shall be the employees of agent. Agent shall pay the salaries of such on-site employees and, to the extent there are revenues from the property available, pay all charges for services rendered by independent contractors and the employees of independent contractors. All salaries (including all contributions of employer not listed in the paycheck) of such on-site employees shall be charged to owner. To the extent there are insufficient funds available from revenues received from the operation of the property to reimburse agent for such salaries, owner shall directly reimburse agent within [NUMBER] days after demand by agent for reimbursement. Agent shall not be responsible or liable to owner for any act, default or negligence of on-site personnel, or for any error of judgment or mistake of law or fact in connection with their employment, conduct or discharge except that agent shall be responsible for any such act, default or negligence that is due directly or indirectly to its own negligent act or omission in the hiring or supervision of any such on-site personnel. On-site personnel shall include all resident personnel, including, but not limited to, managers and maintenance personnel, all recreational personnel (whether part-time or full-time), day-care center personnel, and all other individuals located, rendering services or performing activities on the property in connection with its operation. GOVERNMENT REGULATIONS Agent shall manage the property in full compliance with all laws and regulations of any federal, state, county or municipal authority having jurisdiction over the property. INSURANCE Agent shall obtain the following insurance at the expense of owner, and such insurance shall be maintained in force during the full term of this agreement: Comprehensive public liability property insurance of [AMOUNT] single limit for bodily injury, death and property damage; Fire and extended coverage hazard insurance in an amount equal to the full replacement cost of the structure and other improvements situated on the property; and A fidelity bond in the amount of [AMOUNT] on each employee who handles cash, and workers' compensation and employer liability insurance to cover the agents and employees of both employer and agent. All of the policies shall name agent and owner as co-insureds as their respective interests may appear. Agent shall deliver certificates evidencing such insurance coverage to owner within [NUMBER] days from the issuance and renewal of the policies. Owner shall cooperate with agent and any insurer in the making and delivery of all reports, notices, and other items required in connection with any of the insurance policies. COLLECTION OF INCOME; INSTITUTION OF LEGAL ACTION Agent shall use its best efforts to collect promptly all rents and other income issuing from the property when such amounts become due. It is understood that agent does not guarantee the collection of rents. Agent shall, in the name of owner, execute and serve such notices and demands on delinquent tenants as agent may deem necessary or proper. Agent, in the name of owners, shall institute, settle or compromise any legal action and make use of such methods of legal process against a delinquent tenant or the property of a delinquent tenant as may be necessary to enforce the collection of rent or other sums due from the tenant, to enforce any covenants or conditions of any lease or month-to-month rental agreement, and to recover possession of any part of the property. No other form of legal action will be instituted and no settlement, compromise, or adjustment of any matters involved therein shall be made without the prior written consent of owner, except when agent determines that immediate action is necessary. BANK ACCOUNTS","Property Management Agreement",73,"https://templates.business-in-a-box.com/imgs/1000px/property-management-agreement-D1196.png","https://templates.business-in-a-box.com/imgs/250px/1196.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1196.xml",{"title":6,"description":6},[126,129],{"label":127,"url":128},"Real Estate","real-estate-business",{"label":130,"url":131},"Business Checklists","business-checklists","property management agreement","/template/property-management-agreement-D1196",{"description":135,"descriptionCustom":6,"label":136,"pages":137,"size":9,"extension":10,"preview":138,"thumb":139,"svgFrame":140,"seoMetadata":141,"parents":143,"keywords":142,"url":148},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":142,"description":6},"non disclosure agreement nda",[144,145],{"label":34,"url":99},{"label":146,"url":147},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":150,"descriptionCustom":6,"label":151,"pages":91,"size":9,"extension":10,"preview":152,"thumb":153,"svgFrame":154,"seoMetadata":155,"parents":157,"keywords":156,"url":164},"BUY-SELL AGREEMENT This Buy-Sell Agreement (this \"Agreement\") is made and effective this [Date], BETWEEN: [COMPANY NAME], a corporation organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: Each of the Parties listed below (each a \"Shareholder\" and collectively, the \"Shareholders\"). The Shareholders desire to promote and protect their mutual interests and the interests of the Company. Therefore, the parties hereby agree as follows: ARTICLE I PARTIES AND PURPOSE PARTIES The Shareholders own all the outstanding shares (the \"Shares\") of the [COMPANY NAME] in the amount outlined below. At this time, each Shareholder's interest in the Company is as follows: __________________ owns _________________ % __________________ owns _________________ % __________________ owns _________________ % __________________ owns _________________ % While this agreement is in effect, no Shareholder shall have any right to assign, encumber or dispose of his interest in the Company except as provided herein. PURPOSE The purpose of this Agreement is to protect the Corporation's management and control from persons not acceptable to all Shareholders. The other purpose is to provide a ready market in the event of the death, disability, or lifetime transfer of Shares by a Shareholder. To this end, the Shareholders have entered into this agreement to: Restrict the transfer or sale of the Shares by the Shareholders; Ensure any sale of the Shares is in the accordance with established procedures; Provide stability and continuity in the management of the Company; Maintain ownership or control of the Company ARTICLE II SALES TRANSFER RESTRICTION ON SHARES No Shareholder (or any party acting on behalf of a Shareholder) may sell or transfer its Shares, whether owned or subsequently acquired, except in accordance with the provisions of this Agreement or with the written consent of the Company and all other Shareholders. Any attempt to sell or transfer Shares (or an interest in Shares) that contravenes the terms of this agreement is null and void and is not binding on or recognized by the Company or the Shareholders. Definition of sale or transfer. The term \"sale or transfer\" includes any sale, pledge, encumbrance, gift, bequest, or other transfer of any Shares, whether or not the transfer would be made for value, or to another Shareholder, or voluntarily or involuntarily or by operation of law, or during his lifetime or upon his death Exception. A sale or transfer of a Shareholder's Shares to a trust that is wholly revocable by that Shareholder and for which that Shareholder is the sole trustee is not a prohibited sale or transfer. However, any subsequent attempted sale or transfer by the trustee of such trust shall be subject to all of the terms of this Agreement with the Shareholder (and not the trust) deemed as the Shareholder of such Shares. Legend on share certificates. Each share certificate whether presently owned or subsequently acquired, shall have the following statement conspicuously printed on its face: \"The transfer, sale, assignment of the Shares represented by this certificate is restricted by a Buy-Sell Agreement among all the Shareholders and the Corporation dated [SPECIFY]. A copy of the Buy-Sell Agreement is available for inspection during normal business hours at the principal office of the Corporation. All the terms and provisions of the Buy-Sell Agreement are incorporated by this reference and made a part of this certificate.\" ARTICLE III VOLUNTARY TRANSFER PERMITTED SALE OR TRANSFER DURING LIFETIME Any Shareholder wishing to sell or transfer its Shares must first notify each of the other Shareholders in writing. Such Shareholder (a \"Seller\") will be deemed to have offered to sell its Shares (the \"Offering Shares\") to other Shareholders. The notice must indicate the name of the party (the \"third party purchaser\") to whom the seller wishes to sell or transfer the offered Shares and the terms of the proposed sale or transfer. First option to other Shareholders. Each of the other Shareholders will have thirty (30) days from the effective date of the notice to choose to purchase the Offered Shares in proportion to their respective ownership of all outstanding Shares (excluding the Offered Shares) or in such other proportion as the other Shareholders may agree. During this 30-day period, the other Shareholders must collectively agree to purchase all or none of the Offered Shares. If the other Shareholders exercise their call option, they must acquire the Offering Shares on the same terms as those set out in the proposed notice of sale or transfer. These conditions will be supplemented, as necessary, by the payment conditions described in Article VI below. Notice of proposed sale. Any Shareholder wishing to sell his/her Shares shall provide a Notice of Proposed Sale. The notice must specify: the name and address of each proposed transferee; the number of Shares or the interest in Shares to be transferred; the price per Share; the terms of the proposed sale, assignment, or transfer. Permitted sale or transfer to third party purchaser. When the other Shareholders do not exercise their right to purchase all the Shares offered within the 30-day period, the seller may then conclude the sale or transfer to the third-party purchaser. However, the sale or transfer must be made on the same terms and conditions as those set out in the notice to other Shareholders. In addition, the third-party buyer must agree in writing to be bound by the terms of this contract before or at the time of the sale or transfer. If the sale or transfer to the third-party acquirer is not completed within sixty (60) days of the expiry of the other Shareholder's 30-day option period, then the authorization to sell or transfer under this agreement shall be deemed to have been withdrawn as if no sale or transfer had been considered and no notice given. ARTICLE IV INVOLUNTARY TRANSFER INVOLUNTARY LIFETIME SALE OR TRANSFER Any Shareholder who holds information that could reasonably be expected to result in an involuntary lifetime sale of his or her Shares and any person or entity that has acquired or may acquire an interest in such Shares must promptly notify each of the other Shareholders in writing. The notice must describe the nature and details of the involuntary lifetime sale and must indicate the name of the party (the \"third party transferee\"). The Shareholder will be deemed to have offered to sell its Shares (the \"Offering Shares\") to other Shareholders. The following events shall each constitute an \"Involuntary\" transfer event: the death of a Shareholder; the total mental or physical disability of a Shareholder; the termination of a Shareholder's employment with [COMPANY NAME]; and the bankruptcy or insolvency of a Shareholder. First option to other Shareholders. Each of the other Shareholders will have thirty (30) days from the effective date of this notice to elect to purchase the Offered Shares in proportion to their respective ownership of all outstanding Shares (excluding the Offered Shares) or in such other proportion as the other Shareholders may agree. If the other Shareholders exercise their option to purchase some or all of the offered Shares, they must then acquire these Shares at the purchase price and on the payment, terms described in Articles VI and VII below. Permitted sale or transfer to third party transferee. If the other Shareholders do not validly exercise their option to buy all of the Offered Shares within the 30-day period, then any remaining Offered Shares may be transferred to the third-party transferee. However, the transfer must be made on the same terms and conditions as those contained in the notice to the other Shareholders","Buy Sell Agreement","https://templates.business-in-a-box.com/imgs/1000px/buy-sell-agreement-D12611.png","https://templates.business-in-a-box.com/imgs/250px/12611.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12611.xml",{"title":156,"description":6},"buy sell agreement",[158,161],{"label":159,"url":160},"Finance & Accounting","finance-accounting",{"label":162,"url":163},"Buy & Sell Shares","buy-sell-shares","/template/buy-sell-agreement-D12611",{"description":166,"descriptionCustom":6,"label":167,"pages":168,"size":9,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":174,"keywords":173,"url":177},"EXCLUSIVE LEASE AGREEMENT This is an Exclusive Lease Agreement (the \"Agreement\") effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [LESSEE NAME] (the \"Lessee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] TERMS It is agreed that: Lessor does hereby agree to grant, demise and let and Lessee does hereby agree to take premises situated in [CITY, STATE/PROVINCE] at [ADDRESS] and described as [DESCRIBE] with appurtenances, from Start Date [DATE] to Ending Date [DATE], at the rent or sum of [AMOUNT], to be paid as follows: [ENTER LEASE TERMS] The parties here shall execute the lease herein provided for on [DATE]. The Lessor shall [Enter any utilities and/or maintenance paid by Lessor]. ","Exclusive Lease Agreement","2","https://templates.business-in-a-box.com/imgs/1000px/exclusive-lease-agreement-D12808.png","https://templates.business-in-a-box.com/imgs/250px/12808.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12808.xml",{"title":173,"description":6},"exclusive lease agreement",[175,176],{"label":34,"url":99},{"label":34,"url":99},"/template/exclusive-lease-agreement-D12808",false,{"seo":180,"reviewer":192,"legal_disclaimer":196,"quick_facts":197,"at_a_glance":199,"personas":203,"variants":228,"glossary":254,"clauses":288,"how_to_fill":334,"common_mistakes":375,"faqs":400,"industries":428,"comparisons":444,"diy_vs_lawyer":458,"jurisdictions":471,"related_template_ids_curated":492,"schema":503,"classification":504},{"meta_title":181,"meta_description":182,"primary_keyword":183,"secondary_keywords":184},"Co-Ownership Agreement Template (Free Word)","Free co-ownership agreement template for jointly owned property, vehicles, or business interests. Used in 190+ countries. Free Word and PDF download.","co-ownership agreement template",[15,185,186,187,188,189,190,191],"joint ownership agreement template","co-ownership contract template","property co-ownership agreement","shared ownership agreement template","co-ownership agreement free download","joint property ownership agreement word","co-ownership agreement real estate",{"name":193,"credential":194,"reviewed_date":195},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":198,"legal_review_recommended":196,"signature_required":196,"notarization_required":178},"advanced",{"what_it_is":200,"when_you_need_it":201,"whats_inside":202},"A Co-Ownership Agreement is a legally binding contract between two or more parties who jointly own an asset — most commonly real property, a vacation home, a vehicle, or a business interest — that defines each owner's share, rights, and responsibilities. This free Word download gives you a structured, editable template you can tailor to your asset type and ownership structure, then export as PDF for signing.\n","Use it any time two or more people take title to an asset together — whether siblings inheriting a vacation property, partners buying a vehicle, or investors acquiring a rental unit — before disputes about use, costs, or exit arise.\n","Ownership percentages, permitted use and scheduling, expense sharing and decision-making rules, buy-sell and right of first refusal provisions, deadlock resolution, transfer restrictions, and governing law — covering the full lifecycle of a jointly owned asset from acquisition through exit.\n",[204,208,212,216,220,224],{"title":205,"use_case":206,"icon_asset_id":207},"Siblings or family members","Formalizing shared ownership of an inherited property before disputes arise","persona-family-member",{"title":209,"use_case":210,"icon_asset_id":211},"Vacation home co-buyers","Dividing use, costs, and exit rights for a jointly purchased holiday property","persona-homeowner",{"title":213,"use_case":214,"icon_asset_id":215},"Real estate investors","Structuring decision-making and profit sharing on a co-owned rental property","persona-real-estate-investor",{"title":217,"use_case":218,"icon_asset_id":219},"Business partners","Governing joint ownership of a business asset, vehicle fleet, or equipment","persona-business-partner",{"title":221,"use_case":222,"icon_asset_id":223},"Friends purchasing together","Protecting each party's investment when buying property or a vehicle jointly","persona-small-business-owner",{"title":225,"use_case":226,"icon_asset_id":227},"Startup co-founders","Establishing ownership and transfer rules for jointly held intellectual property or assets","persona-startup-founder",[229,233,236,239,243,246,250],{"situation":230,"recommended_template":231,"slug":232},"Two or more people jointly buying residential real property","Co-Ownership Agreement (Real Property)","co-ownership-agreement-D13256",{"situation":234,"recommended_template":235,"slug":232},"Family members sharing a vacation home or cottage","Vacation Home Co-Ownership Agreement",{"situation":237,"recommended_template":238,"slug":232},"Partners buying a vehicle together for personal or business use","Vehicle Co-Ownership Agreement",{"situation":240,"recommended_template":241,"slug":242},"Investors co-owning a rental income property","Joint Venture Agreement (Real Estate)","joint-venture-agreement-D889",{"situation":244,"recommended_template":90,"slug":245},"Business partners sharing ownership of a company or interest","partnership-agreement-D12551",{"situation":247,"recommended_template":248,"slug":249},"Two parties co-owning intellectual property or a creative work","Joint IP Ownership Agreement","ip-sale-agreement-D964",{"situation":251,"recommended_template":252,"slug":253},"Spouses or domestic partners holding property together with survivorship rights","Tenancy in Common vs Joint Tenancy Addendum","shop-tenancy-agreement-D13393",[255,258,261,264,267,270,273,276,279,282,285],{"term":256,"definition":257},"Tenancy in Common","A form of co-ownership where each party holds a distinct, divisible share that can be transferred or inherited independently of the other owners.",{"term":259,"definition":260},"Joint Tenancy","A form of co-ownership where all parties hold equal shares with a right of survivorship, meaning a deceased owner's share passes automatically to the surviving co-owners.",{"term":262,"definition":263},"Ownership Interest","Each co-owner's percentage stake in the asset, which typically governs their share of costs, income, and proceeds on sale.",{"term":265,"definition":266},"Right of First Refusal","A contractual right giving existing co-owners the option to purchase another co-owner's share before it is offered to an outside third party.",{"term":268,"definition":269},"Buy-Sell Provision","A clause that establishes a mechanism — such as a buyout trigger or forced sale — for transferring ownership when one co-owner wants to exit.",{"term":271,"definition":272},"Deadlock","A situation where co-owners cannot reach a required majority or unanimous decision, paralyzing management of the shared asset.",{"term":274,"definition":275},"Partition","A legal process by which co-owners divide or force the sale of jointly held property when they cannot agree — governed by statute in most jurisdictions.",{"term":277,"definition":278},"Right of First Offer","A contractual right requiring a departing co-owner to first offer their share to the remaining owners at a stated price before seeking outside buyers.",{"term":280,"definition":281},"Carrying Costs","Ongoing expenses associated with owning an asset — mortgage payments, property taxes, insurance, maintenance, and utilities — typically shared in proportion to ownership interest.",{"term":283,"definition":284},"Shotgun Clause","A buy-sell mechanism where one co-owner names a price; the other must either buy at that price or sell their own share at that same price.",{"term":286,"definition":287},"Capital Contribution","An upfront or ongoing payment made by a co-owner toward the acquisition cost or improvement of the shared asset.",[289,294,299,304,309,314,319,324,329],{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Parties, asset description, and ownership percentages","Identifies each co-owner by legal name, describes the asset with enough specificity to be unambiguous (address, VIN, or registration number), and states each party's percentage interest.","This Co-Ownership Agreement is entered into as of [DATE] between [CO-OWNER 1 FULL NAME] ('[NICKNAME 1]') and [CO-OWNER 2 FULL NAME] ('[NICKNAME 2]') (together, the 'Co-Owners'). The Co-Owners jointly own the following asset: [ASSET DESCRIPTION] (the 'Property'). [NICKNAME 1] holds a [X]% interest and [NICKNAME 2] holds a [Y]% interest.","Describing the asset by common name only ('the cottage') without a legal description or registration number. Ambiguity about which asset is covered can render the agreement unenforceable against third parties.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Capital contributions and acquisition costs","Records how much each co-owner contributed toward the purchase price and any upfront costs, and whether unequal contributions affect ownership percentages or are treated as loans.","[NICKNAME 1] contributed $[AMOUNT] and [NICKNAME 2] contributed $[AMOUNT] toward the total acquisition cost of $[TOTAL]. Contributions are reflected in the ownership percentages above. Any additional capital contributions must be agreed in writing and may adjust ownership percentages proportionally.","Not documenting unequal contributions at the outset. When one party later contributes more toward a renovation or repair, disagreements about whether it was a loan or an equity adjustment become nearly impossible to resolve without a written record.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Use, scheduling, and access rights","Defines how co-owners allocate use of the asset — whether by calendar schedule, first-come-first-served, or rotating priority — and what notice is required to reserve access.","Each Co-Owner shall be entitled to use the Property for a minimum of [X] weeks per calendar year. Scheduling shall be agreed annually by [DATE] using the schedule attached as Schedule A. Changes require [X] days' prior written notice to all Co-Owners.","Leaving use rights as 'equal access by agreement.' Without a specific scheduling mechanism, peak-period conflicts (summer holidays, long weekends) are almost guaranteed and often damage the co-ownership relationship.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Carrying costs, expenses, and contributions","Establishes how recurring costs — mortgage, taxes, insurance, utilities, and routine maintenance — are divided and collected, including what happens when one co-owner fails to pay their share.","Each Co-Owner shall contribute [PERCENTAGE]% of all carrying costs, payable on or before the [X]th of each month to the joint account at [BANK NAME], account number [ACCOUNT NO.]. A Co-Owner who fails to pay within [X] days of the due date shall be charged interest at [X]% per annum on the outstanding amount.","Splitting costs equally regardless of ownership percentages. When ownership is unequal (e.g., 70/30), equal cost sharing can create resentment and legal disputes over the implied change in effective ownership.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Decision-making and major expenditures","Sets the voting threshold required for routine maintenance decisions versus major capital expenditures or improvements, and specifies what happens when owners cannot agree.","Routine maintenance decisions may be made by any Co-Owner and charged to the joint account. Expenditures exceeding $[AMOUNT] require the written consent of Co-Owners holding at least [X]% of the total interest. In the event of a deadlock, Co-Owners shall submit the dispute to mediation within [X] days before seeking other remedies.","Requiring unanimous consent for all decisions. With two equal co-owners, unanimous consent for routine matters guarantees deadlock and can prevent urgent repairs from being authorized in time to prevent greater damage.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Transfer restrictions and right of first refusal","Prevents a co-owner from selling or transferring their interest to a third party without first offering it to the remaining co-owners at the same price and on the same terms.","No Co-Owner shall transfer, sell, pledge, or otherwise dispose of their interest in the Property without first providing written notice to all other Co-Owners (the 'Transfer Notice'). The remaining Co-Owners shall have [X] days from receipt of the Transfer Notice to elect to purchase the departing Co-Owner's interest at the price and on the terms stated in the Transfer Notice.","Setting the right of first refusal period too short — 5 or 10 days is common but rarely enough time for remaining co-owners to arrange financing. A 30–60 day window is more workable and more likely to be enforceable.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Buy-sell and forced exit provisions","Establishes the mechanism — buyout valuation method, shotgun clause, or forced sale — that applies when one co-owner wants to exit and the parties cannot agree on price.","If a Co-Owner wishes to exit and the Co-Owners cannot agree on a purchase price within [X] days, either Co-Owner may invoke the Shotgun Clause by delivering written notice stating a price per [UNIT / PERCENTAGE POINT]. The receiving Co-Owner shall, within [X] days, elect to purchase the notifying Co-Owner's interest at that price or sell their own interest to the notifying Co-Owner at that same price.","No forced exit mechanism at all. Without one, a co-owner who wants to sell cannot do so without a willing buyer or court-ordered partition — a costly, slow, and relationship-destroying process.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Death, incapacity, and involuntary transfer","Addresses what happens to a co-owner's interest upon death, incapacity, bankruptcy, or divorce — whether it passes to heirs, triggers a buyout right, or requires the estate to offer the interest to remaining co-owners first.","Upon the death or incapacity of a Co-Owner, their personal representative or trustee shall notify the remaining Co-Owners within [X] days. The remaining Co-Owners shall have [X] days to purchase the deceased or incapacitated Co-Owner's interest at Fair Market Value determined by an independent appraiser. If the option is not exercised, the interest may pass to the estate or successor.","Forgetting to address bankruptcy or divorce. A creditor or divorcing spouse acquiring a co-ownership interest can trigger partition proceedings, forcing an unwanted sale of the entire asset.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Dispute resolution and governing law","Specifies the sequence of dispute resolution — negotiation, then mediation, then arbitration or litigation — and the jurisdiction whose law governs the agreement.","Any dispute arising under this Agreement shall first be submitted to good-faith negotiation for [X] days. If unresolved, the parties shall engage a mutually agreed mediator. If mediation fails, the dispute shall be resolved by binding arbitration administered by [BODY] in [CITY], [STATE/PROVINCE]. This Agreement is governed by the laws of [JURISDICTION].","Choosing a governing jurisdiction that differs from where the asset is located. For real property, the law of the property's location typically governs regardless of the governing-law clause.",[335,340,345,350,355,360,365,370],{"step":336,"title":337,"description":338,"tip":339},1,"Identify all co-owners and the asset precisely","Enter each co-owner's full legal name as it appears on government-issued ID. Describe the asset with its legal description, address, VIN, or registration number — not a nickname. Confirm title or registration documents match the names being used.","If the asset is real property, pull the registered title description from the land registry or county recorder — use that exact language in the agreement.",{"step":341,"title":342,"description":343,"tip":344},2,"Record ownership percentages and capital contributions","State each party's percentage interest and the dollar amount they contributed at acquisition. If contributions are unequal, decide explicitly whether the imbalance is reflected in percentages or treated as a loan from one co-owner to another.","Document any verbal agreement about unequal contributions in writing now — memories about money diverge quickly.",{"step":346,"title":347,"description":348,"tip":349},3,"Set the use and scheduling rules","Choose a scheduling mechanism — annual calendar, rotating priority, or first-come-first-served with a booking window. Attach a Schedule A with the current year's allocation and the process for agreeing subsequent years.","Address peak periods (summer, school holidays, long weekends) explicitly; these are the dates most disputes center on.",{"step":351,"title":352,"description":353,"tip":354},4,"Define the expense-sharing formula and payment mechanics","Decide whether costs are split by ownership percentage or equally, and set up a joint bank account or payment platform for shared expenses. Specify the payment due date and the interest rate for late contributions.","A dedicated joint account — even a basic one — eliminates the friction and record-keeping burden of reimbursing each other informally.",{"step":356,"title":357,"description":358,"tip":359},5,"Set decision-making thresholds","Establish two tiers: a lower threshold (e.g., simple majority by interest) for routine maintenance decisions and a higher threshold (e.g., 75% or unanimous) for major capital expenditures, financing, or sale of the asset.","Include a dollar figure that separates routine from major — for example, expenses above $2,500 require written consent from all parties.",{"step":361,"title":362,"description":363,"tip":364},6,"Draft the right of first refusal and buy-sell provisions","Set the notice period for the ROFR (30–60 days is standard), the valuation method for a forced buyout (independent appraisal, agreed formula, or shotgun), and the timeline for exercising any option.","The shotgun clause works best between two equal co-owners. For three or more, or unequal ownership, an independent appraisal process is usually fairer and less likely to be challenged.",{"step":366,"title":367,"description":368,"tip":369},7,"Address death, incapacity, and involuntary transfer","Add a clause giving remaining co-owners a right to purchase the interest of a deceased, incapacitated, or bankrupt co-owner before it passes to heirs or creditors. Specify the valuation method and the exercise period.","Coordinate this clause with each co-owner's estate plan — a will or trust that contradicts the agreement creates an expensive conflict for the surviving owners.",{"step":371,"title":372,"description":373,"tip":374},8,"Sign before taking title or possession","Both or all parties must sign the agreement before or on the same day as taking title to the asset. Post-acquisition signatures can raise enforceability questions in jurisdictions requiring fresh consideration.","For real property, have the agreement signed at or before closing, and reference it in the deed or title documentation.",[376,380,384,388,392,396],{"mistake":377,"why_it_matters":378,"fix":379},"No scheduling mechanism for use","Without a written schedule or booking process, peak-period use becomes a first-come-first-served race that breeds resentment and escalates into legal disputes over time.","Include a specific scheduling process in Schedule A — even a simple rotating priority system — and a deadlock process for years when parties cannot agree.",{"mistake":381,"why_it_matters":382,"fix":383},"Omitting a forced exit or buy-sell clause","Without a buyout or forced-sale mechanism, a co-owner who wants to exit has no practical remedy short of a court-ordered partition — which can force a sale of the entire asset at an unfavorable price.","Include at minimum a right of first refusal and a shotgun or appraisal-based buyout clause so any co-owner can exit cleanly without court involvement.",{"mistake":385,"why_it_matters":386,"fix":387},"Splitting expenses equally when ownership is unequal","A co-owner with a 30% interest paying 50% of carrying costs is effectively subsidizing the other party; this imbalance creates financial stress and may be argued to modify the ownership percentages over time.","Tie expense sharing to ownership percentages by default and require a separate written agreement for any deviation from that formula.",{"mistake":389,"why_it_matters":390,"fix":391},"Failing to address death, divorce, or bankruptcy","A co-owner's spouse, estate, or creditor can acquire an ownership interest through these events and invoke statutory partition rights, forcing an unwanted sale of the entire asset.","Add explicit clauses giving remaining co-owners a right of first refusal triggered by death, bankruptcy, or involuntary transfer, with a defined valuation and exercise timeline.",{"mistake":393,"why_it_matters":394,"fix":395},"Choosing a governing law that conflicts with the asset's location","For real property, courts apply the law of the jurisdiction where the property is located — a governing-law clause pointing elsewhere may be disregarded for property-specific issues like partition rights.","Use the jurisdiction where the asset is located as the governing law, or add a carve-out specifying that property law issues are governed by the asset's location.",{"mistake":397,"why_it_matters":398,"fix":399},"Signing after taking title or possession","In common-law jurisdictions, a party who has already taken title may have given no fresh consideration for restrictive provisions signed afterward, potentially voiding transfer restrictions and buy-sell clauses.","Execute the agreement on or before the date of title transfer or first possession; have all parties sign and date it at or before closing.",[401,404,407,410,413,416,419,422,425],{"question":402,"answer":403},"What is a co-ownership agreement?","A co-ownership agreement is a legally binding contract between two or more parties who jointly hold an asset — such as real property, a vacation home, a vehicle, or a business interest — that governs each owner's rights and responsibilities. It defines ownership percentages, use rights, expense sharing, decision-making rules, transfer restrictions, and the process for exiting the arrangement, replacing informal understandings with enforceable written terms.\n",{"question":405,"answer":406},"Is a co-ownership agreement legally required?","No law requires co-owners to have a written agreement, but without one each owner's rights are governed entirely by default property law — which in most jurisdictions gives any co-owner the right to demand a court-ordered partition at any time. A written agreement replaces those defaults with terms the parties actually agreed to, including how disputes are resolved and how a co-owner exits without triggering a forced sale.\n",{"question":408,"answer":409},"What is the difference between tenancy in common and joint tenancy?","In a tenancy in common, each owner holds a distinct share that can be sold or inherited independently. In a joint tenancy, all owners hold equal shares with a right of survivorship — a deceased owner's share passes automatically to the surviving co-owners rather than to the estate. A co-ownership agreement can add contractual rules on top of either form of title, but the title structure itself is typically determined at the time of acquisition and recorded on the deed.\n",{"question":411,"answer":412},"What happens if a co-owner wants to sell and the others don't?","Without a written agreement, a co-owner who wants to exit can typically apply to a court for a partition order — forcing either a physical division of the property or a sale of the entire asset with proceeds divided by interest. A co-ownership agreement replaces this remedy with a right of first refusal, a buyout mechanism, or a shotgun clause, giving the remaining co-owners the opportunity to purchase the departing owner's share at a fair price without court involvement.\n",{"question":414,"answer":415},"Does a co-ownership agreement need to be notarized?","Notarization is generally not required for a co-ownership agreement to be enforceable as a contract between the parties, but recording requirements vary. For real property, some jurisdictions require notarized signatures before a document can be registered against the title. Even where not required, notarization adds an evidentiary layer confirming identity and voluntary execution, which can be valuable in disputes.\n",{"question":417,"answer":418},"Can co-owners have unequal ownership percentages?","Yes. Co-owners can hold any combination of percentages — 50/50, 70/30, 33/33/34, or any other split — provided the percentages are clearly stated in both the agreement and the title documentation. Unequal percentages should be reflected in cost sharing, decision-making weight (if applicable), and the distribution of proceeds on sale. Mismatches between the agreement and the title register can create significant legal complications.\n",{"question":420,"answer":421},"What should a co-ownership agreement say about improvements and renovations?","The agreement should require co-owner consent above a specified dollar threshold before any renovation or improvement is made, and state how the cost of approved improvements is shared and whether it adjusts ownership percentages. Without this, one co-owner can make significant improvements and later claim a larger share of the sale proceeds, or conversely, a co-owner can block necessary work indefinitely.\n",{"question":423,"answer":424},"How does a co-ownership agreement interact with a will or estate plan?","A co-ownership agreement typically contains transfer restrictions and buyout rights that apply on death — these provisions operate alongside (and may override) a will's instructions regarding the co-owned asset. Co-owners should coordinate the agreement with their estate planning documents to avoid a conflict between the will and the agreement's right-of-first-refusal clause, which could leave heirs and surviving co-owners in an expensive dispute.\n",{"question":426,"answer":427},"Do I need a lawyer to draft a co-ownership agreement?","For a straightforward two-party co-ownership of a vacation property or vehicle with simple equal ownership, a high-quality template is usually sufficient. Consider engaging a lawyer when the asset is high-value real property, ownership is unequal or involves three or more parties, there are financing or mortgage implications, a party is in a different jurisdiction, or the asset forms part of a business or investment structure. A 1–2 hour legal review typically costs $300–$700 and is worthwhile for any co-owned property above $250,000 in value.\n",[429,432,436,440],{"industry":127,"icon_asset_id":430,"specifics":431},"industry-real-estate","Mortgage allocation, title structure (tenancy in common vs joint tenancy), partition rights, and rental income distribution between co-owners of investment or vacation properties.",{"industry":433,"icon_asset_id":434,"specifics":435},"Professional Services","industry-professional-services","Joint ownership of office space or practice assets between professionals, with buy-sell provisions tied to retirement, departure from the practice, or professional license revocation.",{"industry":437,"icon_asset_id":438,"specifics":439},"Family Offices and Estates","industry-family-office","Multi-generational property ownership among siblings or heirs, coordinated with wills and trusts to prevent partition proceedings upon the death of any one owner.",{"industry":441,"icon_asset_id":442,"specifics":443},"Hospitality and Short-Term Rentals","industry-hospitality","Revenue sharing and expense allocation for co-owned properties listed on rental platforms, with use calendars that balance personal enjoyment against rental income maximization.",[445,448,451,454],{"vs":90,"vs_template_id":446,"summary":447},"partnership-agreement-D162","A partnership agreement governs the operation of a for-profit business carried on by two or more people, covering profit sharing, management roles, and dissolution. A co-ownership agreement governs shared ownership of a specific asset — typically property or equipment — without creating a business entity. Use a partnership agreement when co-owners are running a business together; use a co-ownership agreement when they are simply holding an asset jointly.",{"vs":106,"vs_template_id":449,"summary":450},"joint-venture-agreement-D166","A joint venture agreement establishes a temporary collaboration between parties to achieve a specific commercial project — such as developing a property — after which the venture ends. A co-ownership agreement governs ongoing shared ownership of an asset with no defined end date. Joint ventures are project-scoped; co-ownership arrangements are asset-scoped and typically indefinite.",{"vs":119,"vs_template_id":452,"summary":453},"property-management-agreement-D13349","A property management agreement engages a third-party manager to operate a property on behalf of its owner or owners. A co-ownership agreement governs the relationship between the owners themselves — who decides, who pays, and who can exit. The two documents complement each other when co-owners hire an external manager, but serve entirely different functions.",{"vs":455,"vs_template_id":456,"summary":457},"Cohabitation Agreement","cohabitation-agreement-D13284","A cohabitation agreement governs the financial and personal arrangements between two people living together in a romantic relationship, including property owned individually or jointly. A co-ownership agreement focuses exclusively on the mechanics of jointly owning a specific asset, without addressing the personal dimension of the relationship. Couples who co-own property may benefit from having both documents.",{"use_template":459,"template_plus_review":463,"custom_drafted":467},{"best_for":460,"cost":461,"time":462},"Two equal co-owners of a vacation property, vehicle, or low-complexity shared asset in a single jurisdiction","Free","30–60 minutes",{"best_for":464,"cost":465,"time":466},"Unequal ownership percentages, three or more co-owners, or a property with a mortgage or rental income component","$300–$700","2–5 days",{"best_for":468,"cost":469,"time":470},"High-value real estate, cross-border co-ownership, business asset co-ownership with tax implications, or complex exit structures","$1,500–$5,000+","1–3 weeks",[472,477,482,487],{"code":473,"name":474,"flag_asset_id":475,"note":476},"us","United States","flag-us","Co-ownership of real property is typically structured as tenancy in common or joint tenancy, with the chosen form recorded on the deed. Any co-owner in a tenancy in common can petition a court for partition at any time unless the co-ownership agreement restricts this right — and even then, enforceability varies by state. California, New York, and Texas each have specific partition reform statutes that affect how courts treat co-ownership disputes; review local law before execution.",{"code":478,"name":479,"flag_asset_id":480,"note":481},"ca","Canada","flag-ca","Co-ownership of real property in Canada is governed by provincial law, with significant variation between provinces on partition rights, title registration requirements, and survivorship rules. In Ontario, the Partition Act gives any co-owner the right to apply for partition or sale; a well-drafted co-ownership agreement can influence (but not entirely eliminate) that right. Quebec's civil law framework treats co-ownership differently from common-law provinces, with specific rules on undivided co-ownership (indivision) that should be addressed with a Quebec notary.",{"code":483,"name":484,"flag_asset_id":485,"note":486},"uk","United Kingdom","flag-uk","In England and Wales, co-owners of real property hold as either joint tenants or tenants in common, with legal title held on trust. A Declaration of Trust (Form TR1 or a separate deed) is the standard document recording beneficial ownership percentages and should be filed at HM Land Registry. Scotland operates under a distinct property law system; co-ownership arrangements there should be reviewed by a Scottish solicitor. Stamp Duty Land Tax (SDLT) implications apply on any transfer of a co-owner's share.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"eu","European Union","flag-eu","Co-ownership rules vary significantly across EU member states — French indivision, German Bruchteilsgemeinschaft, and Spanish copropiedad each impose different default rules on decision-making and partition rights. Cross-border co-ownership within the EU may engage EU Succession Regulation 650/2012 (Brussels IV), which affects how a co-owner's share passes on death. Non-resident co-owners may also face local income and capital gains tax obligations on rental income or eventual sale proceeds.",[245,242,493,494,495,496,497,498,499,500,501,502],"non-profit-partnership-agreement-D14023","property-management-agreement-D1196","non-disclosure-agreement-nda-D12692","buy-sell-agreement-D12611","exclusive-lease-agreement-D12808","right-of-first-refusal-agreement-D5157","shareholders-agreement-D1016","memorandum-of-understanding-D12548","assignment-of-deed-of-trust-D975","real-estate-purchase-agreement-D13234",{"emit_how_to":196,"emit_defined_term":196},{"primary_folder":99,"secondary_folder":505,"document_type":506,"industry":507,"business_stage":508,"tags":509,"confidence":514},"partnerships-and-joint-ventures","agreement","general","all-stages",[510,511,512,102,513],"contract","co-ownership","joint-ownership","asset-ownership",0.85,"\u003Ch2>What is a Co-Ownership Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Co-Ownership Agreement\u003C/strong> is a legally binding contract between two or more parties who jointly hold title to an asset — most commonly real property, a vacation home, a vehicle, or a business interest — that replaces informal understandings with enforceable written rules. It defines each owner's percentage interest, how use of the asset is scheduled and shared, how carrying costs are divided and collected, what voting threshold is required for major decisions, and how any co-owner can exit the arrangement without triggering a court-ordered partition. Without one, co-owners' rights default entirely to the property statutes of the applicable jurisdiction, which rarely reflect what the parties actually intended.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>The absence of a co-ownership agreement does not mean no rules apply — it means the rules are written by the legislature rather than by you. In most jurisdictions, any co-owner can demand a court-ordered partition at any time, forcing either a physical division of the asset or a public sale at whatever price the market delivers on the day the court orders it. Beyond the forced-sale risk, undocumented co-ownership produces predictable disputes: who gets the vacation home at peak season, who pays when the roof needs replacing, what happens when one owner dies and their share passes to a stranger-heir or is seized by a creditor. A co-ownership agreement addresses all of these scenarios upfront, when the parties are aligned and negotiating in good faith, rather than in the middle of a breakdown when legal costs are mounting and the relationship is already fractured. This template gives co-owners a structured, professionally drafted starting point they can adapt to their specific asset and circumstances — saving the cost of drafting from scratch while preserving enough flexibility to reflect the actual terms they negotiate.\u003C/p>\n",1781185968253]