Products tagged with 'tenancy in common form'

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Joint Venture Agreement for Rental Property

The business of the joint venture is limited to the acquisition, development, rental and management of the properties.
One of the joint venturers will hold title to the land as a bare trustee on behalf of all of the parties.
The agreement does not create a partnership between the parties.
Each joint venturer is entitled to receive revenues and will pay for the joint venture's expenditures in proportion to that party's respective interest.
Each party indemnifies the other parties against third party claims.
Funds required by the joint venture will be advanced equally by each of the joint venturers. If any party defaults in contributing funds, they will not be entitled to receive revenues until they have made their contribution.
Buying rental property with family or friends can involve financial and legal risks. Protect all parties by signing this Joint Venture Agreement.

$29.99

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.
This is a generic Land Co-Ownership Agreement template which is not specific to any country or region.
Available in MS Word format and fully editable to meet your needs.

$29.99

The agreement is between the investors (lenders) and a loan servicer who has arranged the loan between the lenders and the borrower.
The servicer is acting as agent for the investors with respect to the promissory note, and no other relationship exists between the parties.
The borrower will make all payments on the note to the servicer.
The servicer will provide each lender with monthly statements and with the appropriate tax forms at the end of each year.
The servicing fees will be paid monthly and will be calculated as a percentage of the principal balance outstanding at that date.
If a foreclosure of the property is necessary and the servicer is required to manage the property, an additional property management fee will be charged.
The servicer has the right to hold back a reserve sufficient to pay two months interest payments.
If an investor fails to pay its pro rata share of any assessment within 10 days of request, that investor's right to receive principal and interest payments will be subordinated to the rights of all investors who have paid their share.
This is a comprehensive legal form that you can tailor to your specific requirements.
Intended to be used only in the State of California.

$29.99

Unlike joint tenancy ownership, which transfers title to the survivor upon the death of one of the joint tenants, any real property owned as tenants in common will become part of your estate and be disposed of under your will.
A life estate is a way of designating who you want to give the property to when you die, but leaving you the right to continue to live in the property during your lifetime.
Under this Mutual Grant of Life Estate, each tenant in common grants the other a life estate in the property.
Each party agrees to contribute equally to mortgage payments, maintenance costs and expenses related to the property.
Each party indemnifies the other against claims and damages.
Upon the death of one of the parties, title to the property will transfer to the survivor.
Keep your property out of your will and make sure it goes to the right person after you die.
Available in MS Word format.
Intended to be used only in Canada.

$6.99