Share Agreement Contract With Bank In Cuyahoga

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

Description

The Share Agreement Contract with Bank in Cuyahoga is a detailed legal document designed to outline the terms of an equity investment in residential property between two parties, referred to as Alpha and Beta. This agreement specifies the purchase price, down payment distribution, and financing terms through a bank. It also addresses the responsibilities of each party regarding property maintenance and utility payments. Importantly, it establishes how profits will be shared from the property's resale and includes clauses on loans, partitioning of expenses, and the implications of a party's death. The form allows for customization based on the specific financial arrangements and requirements of the parties involved. This document serves as a vital tool for attorneys, partners, owners, associates, paralegals, and legal assistants in facilitating clear and binding agreements for joint property investments in Cuyahoga. Users will find it useful for ensuring comprehensive governance of their equity-sharing arrangements while also meeting state legal requirements.
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FAQ

Shares held by a broker to can be transferred to Direct Registration electronically by contacting a stockbroker and instructing the broker to transfer all or some of your shares through the Direct Registration System.

Land revitalization is the sustainable redevelopment of abandoned properties. The program encourages communities and land owners to reuse and redevelop land that was previously contaminated and turns it into public parks, restored wetlands, and new businesses.

Deeds and additional ownership documentation (circa 1810 to present) is available online or in person at the Recorder's Office, located on the 4th floor of the Cuyahoga County Administration Building.

The City of Cleveland's Land Reutilization Program (Cleveland Land Bank) owns, manages and maintains vacant land. Land bank property is made available for sale or lease to individuals, developers, partner agencies and non-profit organizations for the purposes of redevelopment.

The Land Reutilization Program was designed to acquire vacant non-productive land through the foreclosure and forfeiture process and transfer it to individuals, developers, and non-profit organizations for redevelopment and return it to tax producing status.

How to create a Transfer on Death for your home Choose your recipients. You can choose one or more people to become owner of any home or land that you own. Find a copy of your deed. Complete the TOD for real estate form. Take the form to a notary. Submit the form at your County Recorder's Office.

A: Yes, a quitclaim deed can protect you by getting the deed in your own name exclusively. This is possible through a divorce proceeding or your spouse can sign a quitclaim to relinquish his rights to the property. If the mortgage is in your spouse's name, it doesn't mean he has an ownership interest.

In Ohio, only an attorney can draft a deed for others. All title companies must use an attorney to draft deeds. Many clients ask why they need to engage a lawyer to draft a deed if they can download a form off the Internet.

To change a name on a Deed: Execute a new deed. Present it to the Auditor's Deed Transfer Department for either a "Transfer" or "No Transfer" stamp. Present the deed to the Recorder's Office for recordation.

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Share Agreement Contract With Bank In Cuyahoga