The Co-Ownership Agreement Template – BC, Canada is provided in several formats, including PDF, Word, and Google Docs. Each version is both editable and printable, ensuring convenience and flexibility for your requirements.
Co-Ownership Agreement Template Bc – Canada Editable – PrintableSample
1. Parties Involved 2. Purpose of the Agreement 3. Description of the Property 4. Responsibilities of Co-Owners 5. Financial Contributions 6. Use of the Property 7. Decision-Making Process 8. Exit Strategy and Sale of the Property 9. Dispute Resolution 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Owner 1’s Name]
[Owner 1’s Address]
[Owner 1’s Phone]
[Owner 1’s Email]
[Owner 2’s Name]
[Owner 2’s Address]
[Owner 2’s Phone]
[Owner 2’s Email]
This Co-Ownership Agreement (“Agreement”) sets out the terms between [Owner 1’s Name] and [Owner 2’s Name] regarding the co-ownership of [Property Description] located at [Property Address], effective from [Start Date].
The Owners hereby agree to co-own the property in accordance with the terms outlined in this Agreement, with each owner holding an equal share of [Percentage]% of the property.
The Owners agree to share all responsibilities including maintenance, property taxes, and insurance costs proportionate to their ownership interests.
All major decisions regarding the property, including improvements and sales, require consent from both Owners. Decisions shall be made in good faith and in the best interest of both parties.
In the event that one Owner wishes to sell or transfer their interest in the property, the other Owner shall have the right of first refusal to purchase the interest on the same terms as offered by a third party.
In the event of a dispute arising from this Agreement, the Owners agree to attempt mediation before seeking any legal remedies. If mediation fails, disputes will be resolved in accordance with the laws of British Columbia, Canada.
This Agreement shall be governed by and construed in accordance with the laws of British Columbia.
[Owner 1’s Signature]
[Owner 1’s Name]
[Owner 2’s Signature]
[Owner 2’s Name]
[Owner 1’s Name]
[Owner 1’s Address]
[Owner 1’s Phone]
[Owner 1’s Email]
[Owner 2’s Name]
[Owner 2’s Address]
[Owner 2’s Phone]
[Owner 2’s Email]
This Co-Ownership Agreement outlines the rights and obligations of [Owner 1’s Name] and [Owner 2’s Name] relating to their shared ownership of [Property Description], located at [Property Address], commencing on [Start Date].
The property will be owned by the Owners in the following shares: [Owner 1’s Name] – [Percentage]% and [Owner 2’s Name] – [Percentage]%.
The Owners will evenly share all costs related to the property, including but not limited to maintenance, utilities, and annual taxes. Payments will be made within [number] days of the due date.
The property may be used by both Owners for personal purposes, provided that prior notice is given to the other Owner to avoid scheduling conflicts.
This Agreement may be terminated upon mutual consent or if one Owner decides to sell their interest, triggering the buy-out clauses as specified herein.
The Owners agree to keep all financial and personal information shared during the co-ownership confidential and shall not disclose such information to third parties without written consent.
This Agreement shall be interpreted in accordance with the laws in force in British Columbia.
[Owner 1’s Signature]
[Owner 1’s Name]
[Owner 2’s Signature]
[Owner 2’s Name]
Printable
