Joint ownership agreement: residential property
Comprehensive agreement to regulate the terms of property ownership where parties own and occupy the property at the same time.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
About this document
This agreement covers any situation where two or more people share ownership and use of a house, flat, bungalow, cottage or other property for permanent occupation. The agreement is designed to regulate occupation where all the owners occupy the property at the same time and the property’s occupation is shared by area. This agreement is suitable not only for situations where, for example, each owner has the exclusive right to use a bedroom and shares the use of all other rooms, but also for virtual flats where, for example, each owner has the exclusive right to use a bedroom, living room, kitchen and bathroom and the only shared area is the entrance hall.
First, you should consider what the most suitable structure for your sharing proposal is.
Application and features
- Comprehensive fractional ownership document for any type of property: flat, apartment, house, bungalow and so on
- Sensible and practical provisions for shared ownership
- Written in plain English
- Explanatory notes to guide you
- Terms of beneficial interest - beneficial trusts provision
- Price and payment for the Property
- How the parties will use the Property
- How expenses will be paid
- Who and how will manage payment of expenses
- Undertakings by the parties
- Alternative exit strategies
- Effect of termination
- What if someone wants to sell his share or sell the property
- Many other legal provisions
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
What other customers thought
Average customer rating
By Tabitha McQuinlan 23 March 2016
Incredibly easy to use, well priced, saved us a few $$ with our lawyers. Highly recommend!
By Martin Eadie 24 May 2017
The template was very good – just what we were looking for – the instructions in the template and in the accompanying guide were excellent – refreshingly unpatronising with good clear advice and clear cautionary notes re amending certain parts of the template.
"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.
Thanks guys, great service/product.
Cheers Dean"Dean Harper
"I have found the product exactly what I wanted and the notes helpful - as well as it being easy to locate, buy and download. There should be a better way of making your product more widely known. I have recently had experience of a tailor-made lease and this left a lot to be desired - whereas your product is well researched and ticks all the boxes."Ted
"I appreciate your patience. I have to say though it took me a while (I had almost given up) to come across your internet site, but I was quite impressed with the manoverabilty of the site itself and the services it offers. Normally I am very cautious about internet services and am pleasantly impressed by you professional response. Without doubt I will definitely be recommending yourselves to others."Razwana