Joint Venture Agreement for Rental Property

Dissolve a joint venture with this downloadable Joint Venture Dissolution Agreement.

• This type of legal contract is typically used to terminate a joint venture when there will be ongoing rights or obligations after the venture has wound up, such as licensing or distribution income, outstanding costs and obligations to be settled, etc.
• The venturers will sell the remaining assets and distribute the proceeds in accordance with a formula based on their capital contributions.
• Future income (from licensing, distribution, sale of products, etc) will be shared equally.
• Any future liability or expense will be borne equally by the co-venturers.
• The co-venturers shall jointly own any intellectual property rights as tenants in common.
• The co-venturers have a right of first refusal to acquire the intellectual property rights of any co-venturer wishing to sell his interest.
• This is a generic legal form which can be used in most countries.
• This Agreement to Dissolve Joint Venture template is fully editable and can be easily customized to meet your business needs.

Purchase land with one or more other parties and protect the interests of all purchasers with this Co-ownership of Land Agreement.

• The parties are buying the property as tenants in common.
• Costs will be borne, and capital gains or losses distributed, proportionate to each of the owners' interest.
• The relationship between the parties is NOT a joint venture.
• If one owner wishes to sell its interest, the other owner(s) will be granted a right of first refusal, and must follow the procedure for buying out a co-owner.
• Owners have the right to transfer title to a holding company or to a trust.
• This is a generic Land Co-Ownership Agreement template which is not specific to any country or region.
• Available in MS Word format and fully editable to meet your needs.

Do you own a vacation property in common with one or more other owners? Make sure your rights and obligations are clearly set out with this Right of Use Agreement Between Co-Owners ⁄ Tenants in Common.

• The Agreement outlines the use periods for each co-owner during the calendar year.
• Each co-owner has the right to sublease the vacation property to someone else during their assigned use period if they are unable to use it.
• Procedures for leasing to third parties during the balance of the year.
• Provisions for retaining a property manager to look after the property during those times when the co-owners are not there.
• Allocation of payment of taxes, costs and expenses among the co-owners.
• Procedure for selling, mortgaging or dealing with a co-owner's interest if the other co-owners have no pre-emption rights.
• If there are pre-emption rights, the other co-owners have a right of first refusal before any co-owner can deal with his/her percentage interest.

The Right of Use Agreement can be used for vacation property practically anywhere in the world. To get your copy, add it to your cart, check out and pay. Download, personalize, and print it for signature.