A Tenants in Common Agreement is a contract that can be used when two or more individuals own property together and want to legally define their rights and obligations in this ownership. The purpose of the document is to regulate the joint ownership of the property where each of the involved parties owns a set share of the home.
A printable Tenants in Common Agreement template can be downloaded through the link below.
This agreement mostly focuses on the protection of each owner's interests, rather than on property management. It can be signed between spouses, different family members, or friends when they buy property together. Signing a Tenants In Common Agreement can be beneficial for those individuals who want to define their share of the property and want to pass it on, in the event of their death, to their heirs.
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