tiktok³ÉÈË°æ

All Countries
Real Estate
Co Ownership Agreement

Co Ownership Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Co Ownership Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Co Ownership Agreement

"I need a Co-Ownership Agreement for a vacation property in British Columbia, shared between three family members, with specific provisions for seasonal usage scheduling and a detailed process for passing ownership shares to children starting January 2025."

Celebrated by
Collaborations with
Investors
Document background
A Co-Ownership Agreement is essential when two or more parties wish to jointly own and manage property in Canada. This document is particularly relevant for residential, commercial, or investment properties where multiple parties share ownership interests. The agreement should be drafted in compliance with relevant Canadian federal laws and specific provincial regulations, particularly regarding property rights, land transfer, and taxation. The Co-Ownership Agreement typically includes detailed provisions for property management, financial obligations, usage rights, dispute resolution, and exit strategies. It's crucial for preventing future conflicts by clearly defining each owner's rights and responsibilities, decision-making processes, and procedures for handling various scenarios such as property sale, owner death, or default.
Suggested Sections

1. Parties: Identification of all co-owners including full legal names, addresses, and contact information

2. Background: Context of the agreement, including property acquisition details and purpose of co-ownership

3. Definitions: Definitions of key terms used throughout the agreement

4. Ownership Interests: Specification of each party's ownership percentage and type of ownership (joint tenants or tenants in common)

5. Financial Contributions: Initial and ongoing financial obligations including purchase price, mortgage, maintenance, taxes, and utilities

6. Management and Decision Making: Process for making decisions about the property, including major repairs, improvements, and day-to-day management

7. Use and Occupation: Rules regarding property usage, including personal use, rental arrangements, and guest policies

8. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

9. Insurance: Required insurance coverage and responsibility for premiums

10. Sale or Transfer of Interest: Process for selling or transferring ownership interest, including right of first refusal

11. Death or Incapacity: Procedures in case of death or incapacity of a co-owner

12. Default and Remedies: Consequences of breach of agreement and available remedies

13. Dispute Resolution: Process for resolving disputes between co-owners

14. Termination: Circumstances and process for terminating the agreement

15. General Provisions: Standard legal provisions including governing law, amendments, and notices

Optional Sections

1. Rental Management: Detailed provisions for managing rental of the property, including tenant selection, lease terms, and income distribution

2. Property Manager: Provisions for hiring and managing a property manager when professional management is desired

3. Business Use: Specific provisions for properties intended for business use

4. Seasonal Use Schedule: For vacation properties, schedule of usage rights for each owner

5. Mortgage Provisions: Detailed provisions regarding mortgage responsibilities when property is financed

6. Environmental Matters: Special provisions for properties with environmental considerations or requirements

7. Development Rights: Provisions regarding property development rights and decision-making process

8. Right of First Refusal: Detailed process for existing owners to purchase another owner's share before external sale

Suggested Schedules

1. Property Description: Legal description and details of the co-owned property

2. Initial Contributions: Schedule of initial financial contributions made by each co-owner

3. Ownership Percentages: Detailed breakdown of ownership percentages and any special arrangements

4. Cost Sharing Formula: Detailed formula for sharing various costs and expenses

5. Usage Schedule: Schedule of property usage rights and rotation (if applicable)

6. Maintenance Schedule: Schedule of regular maintenance tasks and responsibilities

7. Insurance Requirements: Detailed insurance requirements and specifications

8. Property Rules and Regulations: Detailed rules for property use and maintenance

9. Contact Information: Detailed contact information for all owners and key service providers

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses






























Relevant Industries

Real Estate

Property Management

Real Estate Investment

Residential Housing

Commercial Property

Vacation Property

Agricultural Land

Mixed-Use Development

Property Development

Legal Services

Relevant Teams

Legal

Real Estate

Property Management

Operations

Finance

Risk Management

Compliance

Investment

Business Development

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Investment Manager

Property Developer

Legal Counsel

Estate Planner

Financial Advisor

Asset Manager

Real Estate Investment Advisor

Business Development Manager

Risk Manager

Compliance Officer

Operations Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Joint Tenants In Common Agreement

A Canadian legal agreement establishing rights, responsibilities, and ownership shares between multiple property co-owners under a tenancy in common arrangement.

find out more

Joint Intellectual Property Agreement

A Canadian law-governed agreement establishing joint intellectual property ownership, management, and commercialization rights between multiple parties.

find out more

Family Property Sharing Agreement

A Canadian legal agreement that establishes the terms and conditions for sharing and dividing family property between family members, compliant with provincial family law.

find out more

Shared Ownership Tenancy Agreement

A Canadian legal agreement establishing shared property ownership and tenancy terms, governed by federal and provincial property and housing laws.

find out more

Software Ownership Agreement

A Canadian law agreement transferring complete ownership rights of software and associated intellectual property from one party to another.

find out more

Shared Ownership Lease Agreement

A Canadian legal agreement combining shared property ownership rights with leasing arrangements, establishing terms for co-ownership and tenant relationships.

find out more

Real Estate Purchase Agreement For Sale By Owner

A Canadian legal agreement for direct property sale between seller and buyer without real estate agents (FSBO), compliant with federal and provincial real estate laws.

find out more

Ownership Percentage Agreement

A Canadian legal agreement that defines and regulates ownership percentages, rights, and obligations between business owners under federal and provincial law.

find out more

Intellectual Property Ownership Agreement

A Canadian legal agreement that establishes and transfers intellectual property ownership rights between parties, governed by federal and provincial IP laws.

find out more

Company Ownership Agreement

A Canadian legal agreement defining company ownership structure, shareholder rights, and governance procedures under federal and provincial corporate law.

find out more

Business Ownership Agreement

A Canadian legal agreement establishing business ownership structure, rights, and responsibilities between owners under federal and provincial law.

find out more

Business Partnership Agreement Contract

A Canadian-law governed agreement establishing the terms and conditions between business partners, including rights, responsibilities, and operational procedures.

find out more

Fractional Ownership Agreement

Canadian-law governed agreement establishing shared ownership rights, responsibilities, and usage terms among multiple parties for a specific asset.

find out more

Operating Partnership Agreement

A legal agreement governing partnership operations and relationships under Canadian law, defining partner rights, responsibilities, and business management structure.

find out more

Intellectual Property Partnership Agreement

A Canadian-law governed agreement establishing terms for intellectual property partnership, including IP ownership, usage rights, and commercialization arrangements.

find out more

Co Ownership Business Agreement

A Canadian legal agreement establishing terms and conditions for business co-ownership, including ownership rights, management structure, and operational procedures.

find out more

Beneficial Owner Agreement

A Canadian law-governed agreement establishing the relationship between legal and beneficial owners of an asset, ensuring regulatory compliance and defining parties' rights and obligations.

find out more

Intellectual Property Sharing Agreement

A Canadian-law governed agreement establishing terms for sharing and managing intellectual property rights between multiple parties.

find out more

Partnership Investment Agreement

A Canadian-law governed agreement establishing terms for partnership investments, including ownership stakes, governance rights, and profit-sharing arrangements.

find out more

Joint Purchase Agreement

A Canadian-law governed agreement establishing terms for multiple parties to collectively purchase goods, services, or assets, including cost sharing and management arrangements.

find out more

Equity Ownership Agreement

A Canadian law-governed agreement establishing terms and conditions for corporate share ownership, transfer, and shareholder rights.

find out more

Tenancy In Common Agreement

A Canadian legal agreement establishing rights and responsibilities between multiple property co-owners under a tenancy in common arrangement.

find out more

Company Partnership Agreement

A Canadian-law governed agreement establishing the terms and conditions of a business partnership, including partner rights, responsibilities, and operational framework.

find out more

Co Ownership Agreement

A Canadian legal agreement establishing rights, responsibilities, and relationships between multiple owners of a single property.

find out more

Ownership Interest Purchase Agreement

A Canadian law-governed agreement documenting the purchase and sale of ownership interests in a business entity, including terms, conditions, and regulatory compliance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.