Joint Property Declaration
Joint Property Declaration
We, the undersigned, hereby declare our joint ownership of the property specified herein. This declaration serves to affirm the shared responsibilities and rights concerning the property as defined and agreed upon by the parties.
I: Parties Involved
This Joint Property Declaration involves [YOUR NAME], hereinafter referred to as "Party A", and [PARTNER'S NAME], hereinafter referred to as "Party B", collectively known as "the Parties". Both parties have mutually agreed to enter into this joint ownership. Party A's contact details are as follows: company name, [YOUR COMPANY NAME]; email, [YOUR COMPANY EMAIL]; address, [YOUR COMPANY ADDRESS]; phone number, [YOUR COMPANY NUMBER]; website, [YOUR COMPANY WEBSITE]; social media, [YOUR COMPANY SOCIAL MEDIA]. Party B's contact details should be similarly detailed.
II: Description of the Property
The property subject to this declaration is located at [PROPERTY ADDRESS], legally described as [LEGAL DESCRIPTION OF PROPERTY]. This property includes all associated rights, titles, and interests both parties may hold. Furthermore, the declaration covers both tangible assets (land, structures) and intangible aspects (rights of use).
III: Purpose of Joint Ownership
The purpose of this joint ownership is to manage and utilize the property for [SPECIFIED USE OF PROPERTY]. Both parties agree to share the responsibilities associated with the maintenance, taxes, and any other liabilities attached to the property. The intended use aligns with both parties' interests and is deemed beneficial for both [YOUR NAME] and [PARTNER'S NAME].
IV: Terms of Agreement
Each party holds an equal share of [PERCENTAGE SHARE]% in the property, with all financial responsibilities and benefits to be divided equally. Any decision regarding the sale, lease, or alteration of the property requires mutual agreement. This declaration also sets forth the process for dispute resolution, further asserting that any disagreements concerning this declaration will be resolved through mediation before any legal action is taken.
V: Declaration
We, the undersigned, claim that all information provided in this declaration is true to our knowledge, and we agree to all the stipulated terms and conditions governing our joint ownership. This document serves as a binding agreement between [YOUR NAME] and [PARTNER'S NAME] concerning the ownership and management of the property.
VI: Signatures
This declaration is signed willingly by the parties, under the clear understanding of its implications:
[YOUR NAME]
Date: [DATE]
[PARTNER'S NAME]
Date: [DATE]
