Australia Tenants in Common Agreement for Vacation or Investment Property

Are you purchasing an interest in an Australia vacation or investment property together with other co-owners on a tenants in common basis? Set out the rights and obligations of the co-owners in this Australia Tenants in Common Agreement for Vacation or Investment Property.

The Agreement is to be signed as a deed and registered at the Land Title Office. Provisions of the Agreement include:

the proportion of the vacation ⁄ investment property owned by each co-owner;
the time period during which each co-owner will have exclusive use of the property;
responsibility of each co-owner for property maintenance;
appointment of a management and letting agent;
rental of the property;
insurance, common costs, and utilities;
additional capital injections;
sale of property with and without pre-emption rights;
mortgage or encumbrance of the property;
market valuation;
power of attorney;
dispute resolution.

This Australia Tenants in Common Agreement for Vacation or Investment Property is provided in MS Word format and is fully editable to meet your needs.