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Co-Ownership Agreement

A co-ownership agreement outlines rights, costs, and responsibilities of joint property owners, reducing conflict and providing clarity.

Co-Ownership Agreement

September 30, 2025


What is a Co-Ownership Agreement?

A co-ownership agreement is a contract between two or more parties who jointly own real estate. It sets out rights, responsibilities, cost-sharing arrangements, and dispute resolution mechanisms among co-owners.

Why Co-Ownership Agreements Matter in Real Estate

Co-ownership agreements matter in real estate because they prevent conflicts and provide clarity in shared ownership arrangements. They are especially useful in family ownership, investment partnerships, or friends purchasing property together.

Example of a Co-Ownership Agreement in Action

Two friends buying a duplex enter into a co-ownership agreement outlining how expenses are shared, how decisions are made, and what happens if one owner wants to sell their share.

Key Takeaways

  • Contract setting out rights and obligations of co-owners.
  • Clarifies cost-sharing and decision-making rules.
  • Prevents disputes and provides exit strategies.
  • Useful in family, friend, or investor ownership.
  • Should be drafted with legal advice.

Related Terms

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