Document background
The Tenants In Common Co-Ownership Agreement is essential when multiple parties wish to own defined shares of a property in Ireland while maintaining individual ownership rights. This arrangement is commonly used for investment properties, family property arrangements, or when unrelated parties purchase property together. The agreement is structured under Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and provides a framework for managing the relationship between co-owners. It addresses crucial aspects such as ownership proportions, property management, financial responsibilities, decision-making processes, and exit strategies. This document is particularly important as it provides clarity and legal protection for all parties involved, helping prevent future disputes and establishing clear procedures for various scenarios that may arise during co-ownership.
