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Tenancy In Common Agreement
"I need a Tenancy in Common Agreement for a residential property in Geneva, Switzerland, to be jointly owned by three family members with unequal ownership shares (50%, 30%, 20%), including specific provisions for property usage during holidays and maintenance cost sharing."
1. Parties: Identification of all co-owners with full legal names, addresses, and citizenship status
2. Background: Context of the agreement, including property acquisition circumstances and intended use
3. Definitions: Key terms used throughout the agreement
4. Property Details: Legal description of the property and ownership shares of each co-owner
5. Rights and Obligations: Fundamental rights and responsibilities of co-owners, including use, maintenance, and cost sharing
6. Management and Decision Making: Procedures for property management decisions and voting rights
7. Financial Contributions: Requirements for sharing costs, expenses, and tax obligations
8. Transfer of Interests: Rules regarding sale, transfer, or encumbrance of ownership interests
9. Right of First Refusal: Process for offering ownership shares to existing co-owners before third parties
10. Dispute Resolution: Procedures for resolving conflicts between co-owners
11. Termination: Conditions and procedures for terminating the co-ownership arrangement
12. Governing Law: Confirmation of Swiss law application and jurisdiction
13. Miscellaneous: Standard legal provisions including severability, entire agreement, and amendments
1. Property Management Agreement: Details of professional property management arrangements, if applicable
2. Rental Provisions: Rules for renting out the property to third parties, if permitted
3. Insurance Requirements: Specific insurance obligations beyond standard requirements
4. Mortgage Provisions: Terms related to shared mortgage responsibilities, if property is mortgaged
5. Death or Incapacity: Specific provisions for succession or handling of shares in case of death or incapacity
6. Usage Schedule: Specific arrangements for time-sharing or allocated usage periods
7. Foreign Ownership Compliance: Additional provisions required for compliance with Lex Koller if foreign owners involved
1. Property Description Schedule: Detailed legal description of property, including land registry details and plans
2. Ownership Schedule: Detailed breakdown of ownership shares and initial capital contributions
3. Financial Schedule: Details of cost sharing arrangements and payment procedures
4. Management Rules: Detailed procedures for day-to-day management and decision-making
5. Maintenance Schedule: Regular maintenance requirements and responsibilities
6. Initial Condition Report: Documentation of property condition at agreement commencement
7. Contact Details: Full contact information for all parties and their representatives
Authors
Property
Co-owners
Ownership Share
Common Areas
Exclusive Use Areas
Land Registry (Grundbuch)
Management Committee
Operating Expenses
Capital Improvements
Transfer
Encumbrance
Right of First Refusal
Qualified Majority
Simple Majority
Emergency Repairs
Maintenance Costs
Property Manager
Annual Budget
Special Assessment
Insurance Coverage
Force Majeure
Mortgage
Permitted Use
Business Day
Cantonal Law
Extraordinary Expenses
Management Rules
Notice
Voting Rights
Default
Alienation
Common Charges
Property Taxes
Special Resolution
Governing Law
Succession Rights
Initial Contribution
Reserve Fund
Material Change
Ownership Shares
Rights and Obligations
Management and Administration
Financial Contributions
Property Use
Decision Making
Maintenance and Repairs
Insurance
Transfer Restrictions
Right of First Refusal
Mortgage and Financing
Default and Remedies
Dispute Resolution
Force Majeure
Termination
Succession
Notice Requirements
Amendments
Severability
Entire Agreement
Governing Law
Jurisdiction
Assignment
Registration
Costs and Expenses
Indemnification
Compliance with Laws
Foreign Ownership
Tax Matters
Real Estate
Property Management
Legal Services
Banking & Finance
Insurance
Construction & Development
Property Investment
Hospitality & Tourism
Residential Housing
Legal
Real Estate
Property Management
Compliance
Asset Management
Investment
Administrative Services
Risk Management
Operations
Real Estate Attorney
Property Manager
Real Estate Agent
Legal Counsel
Notary Public
Property Investment Manager
Asset Manager
Real Estate Developer
Compliance Officer
Property Administrator
Real Estate Portfolio Manager
Estate Planning Attorney
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