Agreement Between Tenants in Common

 

Use this Agreement Between Tenants in Common whenever two or more parties want to buy a home, commercial property or other piece of real estate together.

You may be siblings buying a house together or just friends joining forces in a Joint Venture Property Development. more

Whatever your reasons a written Agreement Beteen Tenants in Common is crucial to protecting the Interests of all the parties involved.

This document defines the terms and conditions under which the parties record their interest. It will provide you with strong legal recourse should a misunderstanding arise and/or the other parties fails to fulfil its obligations while under contract.

 

This document was drafted to assure maximum legal protection at a minimum cost to you. It is written in plain English for simplicity of use and readability.

To use a contract, simply insert all relevant details in the appropriate space and go to print. It's that simple!

{Excerpt} 1.Agreement Between Tenants in Common Parties. Agreement dated [date] between [name] of [address] (First Party), and [name] of [address] (Second Party). First Party and Second Party are sometimes referred to individually as "tenant in common," and collectively as "tenants in common" in this Agreement. ;2 Identity of Property. First Party and Second Party have purchased and now each own an undivided one-half interest, as tenants in common, in certain real property located in [county, state], including all buildings and improvements located on such property, more particularly described in Exhibit "A" attached [omitted] (Property). ;3. Intent of Parties. First Party and Second Party wish to define their rights and obligations with respect to the Property and, therefore, have executed this Agreement. 4.Exclusive Use. First Party grants to Second Party a right of exclusive occupancy and use of the Property. Such right shall exist until the death of Second Party or the termination of this Agreement in accordance with its terms. [Alternative Paragraph] 4. Exclusive Use. First Party grants to Second Party a right of exclusive occupancy and use of the Property during the period [month and day] to [month and day] inclusive, in each calendar year. Second Party grants to First Party a right of exclusive occupancy {Excerpt}

      * This agreement includes a complimentary copy (A $97 VALUE!) of R. P. Emery & Associates newly revised 3^rd Edition, "Agreement Preparation Tips, Hints & Secrets" publication. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete an agreement in detail. In addition, it contains alternative legal clauses and provisions you can use Click here to read more about the book.