Co-Ownership Agreement Template – Canada

Agreement Overview

The information provided here serves as a general reference for shared ownership arrangements. It is not legal advice and should not replace consultation with a qualified attorney experienced in property co-ownership and contractual matters. Regulations may differ by jurisdiction, and modifications may be necessary to ensure compliance. Responsibility for using this example rests with the user, and no liability is assumed for errors, omissions, or consequences resulting from its use without professional review.

Please note: This is a sample Co-Ownership Agreement template for California, intended for illustrative purposes only. Actual terms may differ based on specific arrangements and applicable laws.

Co-Ownership Agreement Sample (California)

Parties Involved:

Owner 1: John Doe
Address: 123 Main Street, Los Angeles, CA 90001

Owner 2: Jane Smith
Address: 456 Elm Street, Los Angeles, CA 90002

Property Description:

The property subject to this agreement is located at 789 Maple Avenue, Los Angeles, CA 90003, or other real estate as mutually specified in future discussions.

Ownership Terms:

Ownership interests shall be divided as follows: Owner 1 holds 60%, Owner 2 holds 40%. Responsibilities for maintenance, expenses, and decision-making shall be based on these proportions unless otherwise agreed.

Co-Owner Responsibilities:

Each co-owner agrees to contribute proportionally to expenses, participate in decision-making, and maintain the property in good condition.

Governing Law:

This agreement shall be governed by the laws of the State of California. Disputes shall be resolved within the courts of Los Angeles County.

Additional Provisions:

• Co-owners agree to provide mutual access and cooperation regarding the property.
• Any amendments to this agreement must be documented in writing and signed by all parties.
• Major decisions regarding the property require unanimous consent of the co-owners.

Los Angeles, ______________________