Property Co Ownership Agreement Template
Category:
State:
Louisiana
Control #:
LA-670-M
Format:
Word;
Rich Text
Instant download
Description Louisiana Agreement Property Form
This agreement is executed by co-owners who agree that a property owned by them shall not be sold, encumbered, leased or partitioned. Note that La. R.S. 9:1112 allows an agreement not to alienate, encumber or lease but limits the term to fifteen years from the execution of the agreement. Similarly, La. R.S. 9:1702 allows an agreement not to partition but limits the term to fifteen years from the execution of the agreement.
Free preview Louisiana Agreement Property
How to fill out Louisiana Agreement Between Owner And CoOwner Of Property?
1. Date: Enter the date on which the agreement is being created.
2. Parties: Include the full names and addresses of both the Owner and the Co-Owner of the property.
3. Property Information: Provide the address and legal description of the property that is being co-owned.
4. Ownership Interest: Specify the percentage of ownership interest that each party holds in the property.
5. Use of Property: Outline how the property will be used, whether it will be rented out, used as a vacation home, or for personal use.
6. Financial Responsibilities: Clearly define each party's financial responsibilities, including expenses for maintenance, repairs, taxes, and insurance.
7. Decision-Making: Detail how decisions regarding the property will be made, whether it will require both parties' consent or if one party has authority to make certain decisions.
8. Dispute Resolution: Describe the process for resolving disputes between the parties, whether through mediation, arbitration, or litigation.
9. Termination of Agreement: Outline the conditions under which the agreement can be terminated, such as the sale of the property or the death of one of the parties.
10. Signatures: Both parties must sign and date the agreement to indicate their acceptance of the terms and conditions.
It is possible to fill out the Louisiana Agreement between Owner and CoOwner of Property form online on the US Legal Forms website. Users can find up-to-date lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats. To access the form, users need to register and buy a Basic or Premium subscription on a monthly or annual basis.
2. Parties: Include the full names and addresses of both the Owner and the Co-Owner of the property.
3. Property Information: Provide the address and legal description of the property that is being co-owned.
4. Ownership Interest: Specify the percentage of ownership interest that each party holds in the property.
5. Use of Property: Outline how the property will be used, whether it will be rented out, used as a vacation home, or for personal use.
6. Financial Responsibilities: Clearly define each party's financial responsibilities, including expenses for maintenance, repairs, taxes, and insurance.
7. Decision-Making: Detail how decisions regarding the property will be made, whether it will require both parties' consent or if one party has authority to make certain decisions.
8. Dispute Resolution: Describe the process for resolving disputes between the parties, whether through mediation, arbitration, or litigation.
9. Termination of Agreement: Outline the conditions under which the agreement can be terminated, such as the sale of the property or the death of one of the parties.
10. Signatures: Both parties must sign and date the agreement to indicate their acceptance of the terms and conditions.
It is possible to fill out the Louisiana Agreement between Owner and CoOwner of Property form online on the US Legal Forms website. Users can find up-to-date lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats. To access the form, users need to register and buy a Basic or Premium subscription on a monthly or annual basis.