Clearly outlines the ownership structure, specifying each party’s share in the property. This reduces the likelihood of disputes or misunderstandings in the future.

Allows co-owners to document their respective financial contributions to the property, ensuring a fair distribution of ownership rights based on individual investments.

Provides flexibility in determining ownership percentages, allowing parties to customize the distribution of shares based on their specific financial contributions or agreements.

Enables the inclusion of contingency clauses, addressing
potential scenarios such as the sale of the property,
the death of a co-owner, or changes in financial
circumstances.

Clearly defines the responsibility of each party for
mortgage payments, preventing misunderstandings and potential financial disputes related to the property’s financing.

Safeguards the interests of co-owners by establishing rules for decision-making regarding the property, maintenance costs, and major financial decisions.

Addresses issues related to property occupancy,
specifying whether it will be used as a primary residence, rental property, or for other purposes, preventing disputes over usage.

Outlines exit strategies for co-owners, including the process for selling or transferring shares, ensuring a smooth transition in case one party decides to leave the ownership arrangement.

Helps prevent legal conflicts by establishing a clear framework for resolving disputes or disagreements among co-owners without resorting to expensive and time consuming litigation.

Provides a layer of asset protection by documenting the parties’ intentions and agreements, reducing the risk of legal challenges that could jeopardize property ownership.