Get This Document Memorializes A Co-ownership Agreement Effective The Day Of , 20, By And Between

Filling out the co-ownership agreement is a critical step for parties entering into a shared ownership arrangement. This guide provides a clear and straightforward approach to completing the agreement online, ensuring that all necessary details are accurately captured to protect all co-owners' interests.

Follow the steps to fill out the form correctly and efficiently.

1. Click the 'Get Form' button to obtain the document and open it in your preferred online editor.
2. Begin by entering the effective date by filling in the blank next to 'the _____ day of __________________, 20____.' Ensure the date reflects the intended start of the co-ownership.
3. In the space provided, list the names of all co-owners, as indicated next to 'by and between.' Include first and last names or the legal names of organizations.
4. Proceed to Article 1, where you will specify details regarding the aircraft, including the model, serial number, and registration number. Ensure that this information is accurate and complies with FAA regulations.
5. In Article 2, indicate the start date of the agreement, which should align with the effective date mentioned earlier.
6. For Article 3, detail the contributions from each co-owner, outlining the amount loaned and the corresponding equity percentage for each individual.
7. Completing Article 5 requires entering all expected operating expenses and how these will be shared among co-owners.
8. Review Articles 6 to 50 to understand obligations regarding the operation, maintenance, and responsibilities involved in the co-ownership.
9. Once all fields are filled, accurately review the document to ensure completeness. Make any necessary corrections.
10. After confirming the accuracy of all entries, save changes or download the document in your desired format. You may also print or share the finalized agreement.

Start completing your co-ownership agreement online for a clear and mutual understanding of responsibilities and rights.