Are you buying land with one or more other parties as tenants in common? Protect your interests with this
Co-ownership of Land Agreement.
- Costs will be borne, and capital gains or losses distributed, proportionate to each of the owners' interest.
- The relationship between the parties is NOT a joint venture.
- If one owner wishes to sell its interest, the other owner(s) will be granted a right of first refusal.
- Provisions for buying out a co-owner.
- Owners have the right to transfer title to a holding company or to a trust.
This
Land Co-Ownership Agreement template is provided in MS Word format, and is fully editable to fit your specific circumstances.
