| Tenants-in-Common Agreement for Vacation or Investment Property (Australia) |
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Are you purchasing an interest in a vacation or investment property in Australia along with other co-owners on a tenants-in-common basis? Set out the rights and obligations of the co-owners in this Tenants-in-Common Agreement, 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 is provided in MS Word format and is fully editable to meet your needs. |