Australia Tenants in Common Agreement for Time Share Property

Before you and your friends buy that time share vacation property in Australia together, draw up a Tenants in Common Agreement with this easy-to-use template.

The Agreement is to be signed as a deed and registered at the Land Title Office. Provisions of the Agreement include:

• the proportion of the vacation ⁄ investment property owned by each co-owner;
• the time period during which each co-owner will have exclusive use of the property;
• responsibility of each co-owner for property maintenance;
• appointment of a management and letting agent;
• rental of the property;
• insurance, common costs, and utilities;
• additional capital injections;
• sale of property with and without pre-emption rights;
• mortgage or encumbrance of the property;
• market valuation;
• power of attorney;
• dispute resolution.

This Australia Tenants in Common Agreement for Time Share Vacation Property is provided in MS Word format and is fully editable to meet your needs.