Right of Use Agreement for Vacation Property

Do you own a vacation property in common with one or more other owners? Set out the rights and obligations of the co-owners with this Right of Use Agreement.

  • The Agreement outlines the use periods for each co-owner / tenants in common during the calendar year.
  • Each co-owner has the right to sublease the vacation property to someone else during their assigned use period if they are unable to use it.
  • Procedures for leasing to third parties during the balance of the year.
  • Provisions for retaining a property manager to look after the property during those times when the co-owners are not there.
  • Allocation of payment of taxes, costs and expenses among the co-owners.
  • Procedure for selling, mortgaging or dealing with a co-owner's interest if the other co-owners have no pre-emption rights.
  • If there are pre-emption rights, the other co-owners have a right of first refusal before any co-owner can deal with his/her percentage interest.
  • The Right of Use Agreement can be used for vacation properties almost anywhere in the world.
  • Available in MS Word format and fully customizable to meet your specific needs.
Document Type: Microsoft Word
Last Updated: 27-July-2025
SKU: 5265
$29.99