Equitable Sharing Agreement And Certification In Contra Costa

State:
Multi-State
County:
Contra Costa
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Equitable Sharing Agreement and Certification in Contra Costa is a legal document designed for individuals entering into an equity-sharing arrangement to purchase real estate. This agreement outlines the roles and responsibilities of the parties involved, including details on the purchase price, contributions, and sharing of costs. Key features include the formation of an equity-sharing venture, distribution of proceeds upon the sale of the property, and provisions concerning the death of a party. It emphasizes mutual investment, shared expenses, and equitable distribution of profits or losses. Filling out the form requires individuals to provide personal information and specific financial details. The intended users of this form include attorneys, partners, owners, associates, paralegals, and legal assistants who may facilitate real estate investments or assist clients in drafting such agreements. It serves as a foundational document for co-investors seeking to clarify their legal rights and obligations regarding shared property ownership.
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FAQ

The U.S. Department of Justice's equitable sharing program is designed to enhance cooperation among federal, state, and local law enforcement agencies through the sharing of proceeds resulting from federal forfeitures.

Through equitable sharing, any state or local law enforcement agency that directly participates in a law enforcement effort that results in a federal forfeiture may either request to put tangible forfeited property into official use or an equitable share of the net proceeds of the forfeiture.

Equitable Sharing Request Form (DAG-71) For use by State and Local Law Enforcement Agencies Deadline for submission of this request is forty-five (45) days following the date of forfeiture. Asset Information.

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Through equitable sharing, any state or local law enforcement agency that directly participates in a law enforcement effort that results in a federal forfeiture may either request to put tangible forfeited property into official use or an equitable share of the net proceeds of the forfeiture.

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Equitable Sharing Agreement And Certification In Contra Costa