A Joint Ownership Agreement Residential Property is an agreement between two or more owners of residential property which sets out their respective rights and obligations with regards to the ownership of that property. It includes details of ownership, management, maintenance and any other matters relating to the property. It is important to have a clear, written agreement in place before purchasing a property together so that all parties understand the nature of their relationship and the limits of their involvement. Having a properly drafted agreement in place can help protect interests, prevent disagreements and ensure a smooth transition should anything happen to one of the owners.
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