The Co-Ownership Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. These versions are both customizable and ready for printing, tailored to accommodate your preferences effortlessly.
Co Ownership Agreement Template – Canada Editable – PrintableSample
1. Parties Involved 2. Purpose of the Agreement 3. Description of Property 4. Financial Contributions 5. Responsibilities for Maintenance 6. Dispute Resolution 7. Sale and Transfer of Interest 8. Duration of Agreement 9. Governing Law 10. 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”) outlines the terms of ownership between [Owner 1’s Name] and [Owner 2’s Name] regarding the property located at [Property Address], effective from [Start Date].
The Property subject to this Agreement is described as follows: [detailed description of property].
Each Owner shall hold an equal share (50%) in the co-owned property. Any changes to ownership percentages must be agreed upon in writing.
Both Owners shall contribute equally to all costs associated with the Property, including maintenance, insurance, and property taxes. Expenses will be documented and shared in quarterly statements.
The Property will be used primarily for [specify purpose, e.g., personal use, rental]. Any changes in usage must be mutually agreed upon.
In the event of a disagreement, both parties agree to seek mediation before pursuing legal action. If mediation fails, disputes will be settled in accordance with the laws of [Specific Province] in Canada.
This Agreement may be terminated by mutual consent or upon sale of the property. Any sale must be agreed upon in writing by both Owners.
This Agreement shall be governed by and construed in accordance with the laws of Canada.
[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 establishes the mutual understanding and responsibilities of [Owner 1’s Name] and [Owner 2’s Name] regarding the co-ownership of the property located at [Property Address].
Each party will hold [specific percentage]% ownership of the property. Changes to ownership percentages require written consent from both parties.
Both Owners shall be responsible for sharing all expenses related to the property, proportionate to their ownership shares, including mortgage payments, property tax, and maintenance costs.
Each Owner is responsible for the maintenance of the property and must agree on all major repairs or modifications. Decisions may be made based on majority agreement, defined as [number of Owners required for approval].
Should either Owner wish to sell their interest in the property, they must first offer their share to the other Owner at a fair market value as determined by an independent appraiser.
Both Owners will have equal rights to use the property, with scheduled usage determined on a mutually agreed basis or through a rotating schedule.
This Agreement can be terminated upon mutual agreement or in the event that the physical property is sold. Proceeds from any sale will be distributed according to the ownership percentages.
This Agreement is governed by the laws of Canada and any relevant provincial regulations.
[Owner 1’s Signature]
[Owner 1’s Name]
[Owner 2’s Signature]
[Owner 2’s Name]
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