Joint Tenancy For Unmarried Couples In Queens
Category:
State:
Multi-State
County:
Queens
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 terms under which two unmarried partners can acquire property together in Queens. This form establishes joint tenancy with the right of survivorship, meaning if one partner passes away, the other automatically inherits their share. It specifies that both parties will contribute equally to expenses related to the property, such as mortgage payments, taxes, and maintenance costs. Additionally, the agreement requires the establishment of a joint checking account to manage these expenses. There are provisions for selling or transferring ownership, ensuring that one partner cannot do so without the other's consent during a specified period. This form is particularly useful for attorneys, partners, and paralegals as it provides clear procedures for managing shared property ownership and financial responsibilities, thus reducing potential conflicts. Legal assistants can benefit by having a structured guide to help clients complete the necessary documentation efficiently.
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