Property Sharing Agreement

Co-ownership made clear - Protect your interests with a Property Sharing Agreement

Co-ownership of property with family and friends is becoming more common, especially with high property prices. While entering into shared ownership can be exciting, it also brings legal complexities. This is why it is essential to have a clear, written Property Sharing Agreement in place from the outset - this helps protect everyone involved if circumstances change.

We will help address common issues that may arise:

Ownership contributions
Outgoings such as rates, mortgage repayments, maintenance, and repairs.
Lending and liability - the agreement clarifies who is responsible for paying the mortgage including responsibility for non-borrowers.
Change of circumstances where one owner would like to sell their share
In the event of a death of a co-owner
Resolving disputes between the co-owners and matters relating to sale of the property and buy-outs

We can help you with setting up a tailored Property Sharing Agreement that reflects your situation.