Joint Tenants With Right Of Survivorship Vs Tenants In Common In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00414BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement by Unmarried Individuals to Purchase and Hold Residence as Joint Tenants outlines the structure and terms for two unmarried individuals acquiring property together as joint tenants with right of survivorship, rather than as tenants in common. Key features include provisions for shared ownership, equal sharing of expenses, and conditions for selling or transferring interests in the property. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions in Broward, as it clarifies financial responsibilities and property management. It provides explicit instructions for filling out the form, including the importance of establishing a joint checking account for shared expenses and stipulations regarding property valuations and sales processes. Users can benefit from the specified agreements around default payments and liquidated damages, ensuring clear communication and accountability between parties. The agreement is designed to facilitate cooperative ownership while protecting each party's rights and interests, making it an essential tool for those entering into joint ownership of property.
Free preview
