Tenants In Common Or Joint Tenants With Right Of Survivorship In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00414BG
Format:
Word;
Rich Text
Instant download
Description
The agreement outlines the conditions for unmarried individuals to purchase and hold a residence as joint tenants with right of survivorship in Orange. Key features include the establishment of joint tenancy, shared responsibility for property expenses, and procedures for selling or transferring ownership interests. The form details how to create a joint checking account for payment of expenses and stipulates that neither party can sell their interest without the other's consent for a specified period. Additionally, it includes mechanisms for identifying and agreeing on property valuation and consequences for violating agreement terms. This form is particularly useful for attorneys, partners, and legal assistants, as it ensures clear legal structure and responsibilities, facilitating property ownership among unmarried individuals. Paralegals and associates can assist in drafting and modifying the agreement per clients' needs, while owners benefit from defined rights and obligations.
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