Co-Ownership Agreement

A co-ownership agreement is a written contract between all co-owners of a shared property. It governs everything from who can use the property when, to how expenses are split and what happens if someone wants to sell their share.

What should a co-ownership agreement include?

• Ownership shares: Who owns what percentage?
• Usage rules: How is usage allocated? Lottery, rotation, or free booking?
• Finances: How are expenses split? By ownership share, usage, or equally?
• Maintenance: Who is responsible? How are major investments decided?
• Guests and rentals: Can owners have guests or rent out their time?
• Sale and pre-emption: What happens if someone wants to sell?
• Dispute resolution: How are disagreements resolved?

Tips

A co-ownership agreement doesn't need to be legally complex. The most important thing is that it's clear and everyone agrees. Use Bungaflow to digitalize your house rules with routines that everyone can see and vote on.