Joint Tenants Or Tenants In Common With Equal Shares In San Jose
Category:
State:
Multi-State
City:
San Jose
Control #:
US-00414BG
Format:
Word;
Rich Text
Instant download
Description
The Agreement by Unmarried Individuals to Purchase and Hold Residence as Joint Tenants is a legal document designed for unmarried parties looking to acquire real estate together in San Jose as joint tenants with equal shares. This form outlines the intent to own an undivided one-half interest in a property, ensuring that if one owner passes away, the surviving tenant automatically inherits their share, thus avoiding probate. Key features include provisions for sharing expenses related to the property, such as mortgage, taxes, and maintenance costs, as well as requirements for creating a joint checking account for these expenses. It also specifies rules around the sale or transfer of ownership interests, including the need for written offers and conditions for determining property valuation over time. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for property ownership and dispute resolution, facilitating smoother transactions and promoting transparency among co-owners.
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