Property Co-Ownership Agreement For Two Parties In...
Property Co-Ownership Agreement For Two Parties Investing Together
Posted by - Peter J Krenz at Nov 21, 2020 Bolivar, Venezuela
Nov 21, 2021
Draft Property Co-Ownership Agreement For Two Parties Investing Together
The specific terms of the co-ownership transaction agreed to thus far between the two co-owners are summarized in the minutes of negotiations version 1.
Modify, where possible simplify and add provisions as required to update the 'Property Co-Ownership Agreement For Two Parties Investing Together' I will share a Template agreement with co-ownership terms with shortlisted candidates.
The resulting agreement needs to incorporate and be adjusted to the specific terms outlined in the minutes of negotiations document.
Please note: The co-ownership is for a 1 bedroom 1 bathroom beach front condominium apartment unit Main purpose of the property is to serve as an investment property The co-owners will be renting the property out primarily to tourists on shot term basis and / or vacation rental basis
The property is located in Puerto Rico and as such will be reviewed and updated by local attorney to be consistent with local state laws.
After review of the attached documents you may need to request additional information and seek feedback to a list of questions you prepare related to items you determine missing , not addressed in your view that should be incorporated and for any existing items that lack clarity.
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