PEI Acquisition Agreement for Jointly Owned Asset

PEI residents, are you and your spouse or partner purchasing a substantial asset together (such as a home or investment property, a vehicle, boat, etc.)?

This downloadable Prince Edward Island Acquisition Agreement for Jointly Owned Asset allows you to put in writing how the property is to be paid for and disposed of if the two of you break up.

• Each partner is to pay half of the purchase price, but if a partner fails to make a payment, the other partner can make the payment and his/her interest in the property will be increased to reflect the amount of the payment.
• If the relationship breaks up and the parties are unable to come to an agreement regarding ownership of the asset, the partners agree to submit the matter to a mediator.

This Prince Edward Island Acquisition Agreement for Jointly Owned Asset is provided in MS Word format and can be easily edited to meet your needs.