Land Co-Ownership Agreement

Purchase land with one or more other parties and protect the interests of all purchasers with this Co-ownership of Land Agreement.

• The parties are buying the property as tenants in common.
• Costs will be borne, and capital gains or losses distributed, proportionate to each of the owners' interest.
• The relationship between the parties is NOT a joint venture.
• If one owner wishes to sell its interest, the other owner(s) will be granted a right of first refusal, and must follow the procedure for buying out a co-owner.
• Owners have the right to transfer title to a holding company or to a trust.