Joint Tenants Or Tenants In Common With Equal Shares In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00414BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement by Unmarried Individuals to Purchase and Hold Residence as Joint Tenants is designed for individuals looking to jointly own property as joint tenants or tenants in common with equal shares in Orange. This form requires both parties to agree on the intention to hold the property with rights of survivorship, ensuring each person owns an undivided one-half interest. Key features include provisions for sharing expenses such as mortgage payments, taxes, and utilities, along with stipulations for establishing a joint checking account for expense management. It also outlines restrictions on selling or transferring interests and sets procedures for valuation of the property. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for facilitating clear agreements between unmarried individuals regarding real estate ownership while mitigating potential disputes. Filling instructions emphasize the need for maintaining accurate records and adhering to legal obligations within the agreement, promoting transparency and accountability. Specific use cases include real estate transactions among non-married partners and individuals entering property ownership together, making it a crucial document for equal ownership arrangements.
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