The Tenants In Common Agreement Template – Ontario, Canada is offered in multiple formats including PDF, Word, and Google Docs. These documents are fully editable and printable, tailored to facilitate your requirements seamlessly.
Tenants In Common Agreement Template Ontario – Canada Editable – PrintableSample
1. Parties Involved 2. Property Description 3. Purpose of the Agreement 4. Ownership Shares 5. Responsibilities of Each Tenant 6. Decision-Making Process 7. Financial Contributions 8. Sale or Transfer of Interest 9. Dispute Resolution 10. Duration of Agreement 11. Termination Conditions 12. Governing Law 13. Signatures and Acceptance
PDF
WORD
Examples
[Tenant 1’s Name]
[Tenant 1’s ID]
[Tenant 1’s Address]
[Tenant 1’s Phone]
[Tenant 1’s Email]
[Tenant 2’s Name]
[Tenant 2’s ID]
[Tenant 2’s Address]
[Tenant 2’s Phone]
[Tenant 2’s Email]
This Tenants In Common Agreement (“Agreement”) establishes the terms of ownership and rights regarding the property located at [Property Address], effective from [Start Date].
The parties agree to hold title to the property as tenants in common, with ownership interests as follows: [Tenant 1’s Percentage]% to [Tenant 1’s Name] and [Tenant 2’s Percentage]% to [Tenant 2’s Name].
The parties shall have joint rights to possess and use the property, and agree to negotiate modifications to the use of the property in good faith.
Each tenant shall contribute proportionately to property expenses, including but not limited to mortgage payments, property taxes, insurance, and maintenance costs.
No tenant may sell or transfer their interest in the property without providing written notice to the other tenants and offering the right of first refusal to the other tenants.
This Agreement shall be governed by and construed in accordance with the laws of Ontario, Canada.
[Tenant 1’s Signature]
[Tenant 1’s Name]
[Tenant 2’s Signature]
[Tenant 2’s Name]
[Tenant 1’s Name]
[Tenant 1’s ID]
[Tenant 1’s Address]
[Tenant 1’s Phone]
[Tenant 1’s Email]
[Tenant 2’s Name]
[Tenant 2’s ID]
[Tenant 2’s Address]
[Tenant 2’s Phone]
[Tenant 2’s Email]
This Agreement outlines the terms and conditions under which [Tenant 1’s Name] and [Tenant 2’s Name] will share ownership of the property located at [Property Address], commencing on [Start Date].
The tenants shall own the property as tenants in common, with respective shares of [Tenant 1’s Percentage]% and [Tenant 2’s Percentage]%.
Each tenant has the right to occupy the property and is responsible for their share of maintenance and management of the property in accordance with local laws.
In the event of a disagreement regarding the property, the tenants agree to seek mediation before pursuing legal actions.
The tenants agree to maintain a homeowners insurance policy to cover the property, with each tenant named as an insured party.
This Agreement will be governed by the laws of the Province of Ontario, Canada.
[Tenant 1’s Signature]
[Tenant 1’s Name]
[Tenant 2’s Signature]
[Tenant 2’s Name]
Printable
