Cost Share Contract Example Formula In Washington
Category:
State:
Multi-State
Control #:
US-00036DR
Format:
Word;
Rich Text
Instant download
Description
The Cost Share Contract Example Formula in Washington outlines the terms of an equity share agreement between two parties, typically known as Investor Alpha and Investor Beta. This form details essential aspects such as the purchase price of the property, the down payment contributions from each party, and the specific arrangements for financing the remaining balance. Key features also include shared escrow expenses, title ownership as tenants in common, and the conditions under which each party contributes to maintenance and taxes related to the property. Parties must ensure that the distribution of proceeds from any resale is clearly delineated, prioritizing financial institution obligations, creditor payments, and equity distribution based on initial investments. Furthermore, provisions for unforeseen events, such as the death of either party, and the need for binding arbitration in case of disputes, are included to safeguard their interests. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful as it provides a clear structure for co-investment agreements in real estate, facilitating clear communication and fair management of shared interests. With clear filling and editing instructions, users can easily customize the form to their specific needs, ensuring compliance with Washington state laws.
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