Co-Ownership Agreements

A co-ownership agreement is a legal document that outlines how two or more people share ownership of a property or asset. It specifies each owner’s rights, responsibilities, and share of expenses, such as mortgage payments, maintenance, and taxes. The agreement also details decision-making processes, what happens if an owner wants to sell or deal with disputes. Its purpose is to clearly define each person’s role and prevent misunderstandings, ensuring smooth management and ownership rights are respected.