Joint ownership agreement

Residential property
Recommended
Bespoke Drafting

A document drawn just for you to your exact requirements. Free discussion before we provide an estimate. Fixed fee for each stage of work.

Key features

Where all the owners occupy the property at the same time.
Compliant
Compliant with the latest law
Document propertied
Document properties
  • Length:12 pages (3680 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Notes
Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

email
Support from our legal team

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.

About this document

This agreement covers any situation where two people or sets of people share ownership and use of a house, flat, bungalow, cottage or other property for permanent occupation.  The agreement is designed to regulate occupation where all the owners occupy the property at the same time and the property’s occupation is shared by area.

This agreement is suitable not only for situations where, for example, each owner has the exclusive right to use a bedroom and shares the use of all other rooms, but also for virtual flats where, for example, each owner has the exclusive right to use a bedroom, living room, kitchen and bathroom and the only shared area is the entrance hall.

First, you should consider what the most suitable structure for your sharing proposal is.  If you are looking at more than ten people, then it would be better to hold the property in a limited company and buy and sell shares in it.  Ownership of the property itself never changes. No stamp duty is paid once it is bought.

However, running a company does cost money, so between 2 and 10 owners it is a matter of preference as to whether you want the formality, expense and greater certainty of a company structure and shareholders agreement or the lower cost and comparative informality of an agreement like one of these.

Application and features

  • Comprehensive fractional ownership document for any type of property: flat, apartment, house, bungalow and so on;
  • Sensible and practical provisions for shared ownership;
  • Written in plain English;
  • Explanatory notes to guide you.

Contents

  • Terms of beneficial interest - beneficial trusts provision;
  • Price and payment for the Property;
  • How the parties will use the Property;
  • How expenses will be paid;
  • Who and how will manage payment of expenses;
  • Undertakings by the parties;
  • Alternative exit strategies;
  • Effect of termination;
  • What if someone wants to sell his share or sell the property;
  • Many other legal provisions.
Sample joint ownership agreementFront cover

Recent reviews

Prompt and Excellent
29 August 2017
Prompt service and excellent content. Was apprehensive about the material. But it was very useful indeed. Worded in very simple English. Helps me understanding the nature of concerns being faced with this issue. Highly recommended for people who are not lawyers to understand and assimilate legal matters.
Vivek Madaan
Massive Money Saver
08 June 2021
Due to my current circumstances it was going to up to thousands of dollars to attend a solicitor to have the required contract drafted. The document purchased and provided by Net Lawman met my needs and provided valuable information and instruction without the cost. I am confident should the need arise I would definitely use this service again.
Laura Howell
Review of the Australian version
Mostly Sufficient
20 June 2022
The template was for an initial joint purchase of a home (I think the use case was a shared holiday home), but our use case was slightly different (selling a share of an existing home to a relative). The template was well written and structured which made it easy to update it with our changes. The included explanatory notes helped to facilitate the changes. Quite happy with the template and would look to use Net Lawman again in the future.
Chris Shuttleworth
Review of the Australian version
Read all 12 reviews

Choose the level of support you need

Document only

Complete the document template yourself using our guidance notes
12 Reviews
Rs.1,099.00
Save with a membership
  • okComprehensive template covering legal and practical points
  • okDetailed guidance notes a step-by-step instructions to help you complete your document with confidence.
  • okUp to date with latest law our lawyers regularly review how new relevant law affects each document in our library
  • okWritten in plain English avoiding legal terminology unless necessary. plain English makes our documents easy to understand, easy to edit and more likely to be accepted
  • okSupport from our legal team email us with questions about editing your document
  • okMoney back guarantee that if the document isn't right
Most Popular

Lawyer Assist

Support from our legal team during and after editing
215 Reviews
Rs.6,599.00
Save up to 40% with a membership
  • okComprehensive template covering legal and practical points
  • okDetailed guidance notes a step-by-step instructions to help you complete your document with confidence.
  • okCustom workspace - get expert answers fast: a dedicated space for priority expert assistance, keeping you on track.
  • ok
    Review of your edited document by our legal team including:
    • understanding your requirements
    • checking that your document will achieve your goal
    • reporting on whether your changes comply with the law
    • answering your questions about how to word a new clause or achieve an outcome
    • checking that your use of defined terms is correct and consistent
    • correcting spelling mistakes
    • reformatting the document ready to sign

Bespoke

Drafted for you, to your precise requirements
from
Rs.7,500.00
Save up to 10% with a membership
  • okA document drawn just for you to your exact requirements
  • okPersonalised service provided by an experienced solicitor
  • okFree discussion before we provide an estimate, for you to ask questions and for us to understand your requirements
  • ok
    Transparent fees
    • fixed fee to draw a document to your initial instructions
    • additional or changed instructions charged either at fixed rates or on a time basis as agreed with you
    • no charges for office overheads or third party disbursements
  • okCareful and thorough consideration of your circumstances and your consequent likely practical and legal requirements
  • okProvision of options that you may not have considered with availability for discussion
  • okHelp and advice woven into the fabric of our service so that you can make the best decisions
Membership plans

Standard

For occasional users of small businesses and start-ups
Rs.7490.00 per year
no auto-renewal
Save on average Rs.19000*
  • Allowed downloads from entire Library
    (average document price Rs.2600)
    10
  • Lawyer Assist Service included
    (average price Rs.5600)
  • Custom workspace - get expert answers fast
  • Discount on further Lawyer Assist
    30%
  • Discount on Bespoke Drafting
  • Priority email support
    ok

Professional

For larger businesses and professional service firms
Rs.14980.00 per year
no auto-renewal
Save on average Rs.40000*
  • Allowed downloads from entire Library
    (average document price Rs.2600)
    25
  • Lawyer Assist Service included
    (average price Rs.5600)
  • Custom workspace - get expert answers fast
  • Discount on further Lawyer Assist
    40%
  • Discount on Bespoke Drafting
    10%
  • Priority email support
    ok

Professional Plus

For more frequent users of Lawyer Assist
Rs.29990.00 per year
no auto-renewal
Save on average Rs.47000*
  • Allowed downloads from entire Library
    (average document price Rs.2600)
    25
  • Lawyer Assist Service included
    (average price Rs.5600)
    2
  • Custom workspace - get expert answers fast
    ok
  • Discount on further Lawyer Assist
    40%
  • Discount on Bespoke Drafting
    20%
  • Priority email support
    ok
* Calculated on the basis of average price.
© 1999 - 2025 Net Lawman Limited.
All rights reserved