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1. Parties: Identification of all co-owners with their full legal names, addresses, and contact details
2. Background: Context of the agreement, including property details and purpose of the co-ownership arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, land registry details, and physical characteristics
5. Ownership Shares: Specification of each co-owner's percentage share in the property
6. Rights and Obligations: Core rights and obligations of co-owners including use, maintenance, and decision-making
7. Management and Decision Making: Procedures for property management and how decisions will be made among co-owners
8. Financial Obligations: Division of costs, expenses, and financial responsibilities
9. Transfer of Interests: Rules and procedures for selling or transferring ownership shares
10. Dispute Resolution: Procedures for resolving disputes between co-owners
11. Termination: Conditions and procedures for terminating the agreement or dissolving the co-ownership
12. Governing Law: Confirmation of German law application and jurisdiction
13. Signatures: Execution section for all parties to sign
1. Property Usage Schedule: Used when co-owners need specific scheduling for property usage times
2. Rental Income: Include when the property will be rented out to third parties
3. Property Manager: Include when a professional property manager will be appointed
4. Death or Incapacity: Special provisions for handling ownership in case of death or incapacity
5. Insurance Requirements: Detailed insurance obligations when specific coverage is required
6. Mortgage Provisions: Include when the property is or will be subject to a mortgage
7. Right of First Refusal: Optional provisions giving co-owners first right to purchase others' shares
1. Schedule A - Property Details: Detailed property description, including land registry excerpt (Grundbuchauszug)
2. Schedule B - Ownership Shares: Detailed breakdown of ownership percentages and initial contributions
3. Schedule C - Financial Contributions: Record of initial and ongoing financial contributions by each co-owner
4. Schedule D - Maintenance Schedule: Planned maintenance activities and responsibilities
5. Appendix 1 - Property Photos: Current photographs and condition report of the property
6. Appendix 2 - Property Rules: Specific rules for property use and maintenance
7. Appendix 3 - Contact Information: Detailed contact information for all parties, including emergency contacts
Property
Co-owners
Ownership Share
Common Areas
Exclusive Use Areas
Grundbuch (Land Register)
Grundbuchamt (Land Registry Office)
Operating Expenses
Capital Improvements
Management Decision
Major Decision
Routine Decision
Transfer
Encumbrance
Maintenance
Repairs
Property Manager
Common Costs
Special Assessment
Financial Year
Voting Rights
Majority Vote
Unanimous Decision
Right of First Refusal
Purchase Price
Fair Market Value
Mortgage
Insurance
Property Tax
Effective Date
Business Day
Force Majeure
Gemeinschaft (Community of Owners)
Gemeinschaftsordnung (Community Rules)
Verwaltung (Management)
Nutzungen (Uses)
Lasten (Burdens)
Verfügung (Disposition)
Notar (Notary)
Grundschuld (Land Charge)
Property Description
Ownership Structure
Rights and Obligations
Property Management
Financial Obligations
Decision Making
Use and Enjoyment
Maintenance and Repairs
Insurance
Transfer of Interest
Right of First Refusal
Encumbrances
Death or Incapacity
Property Sale
Dispute Resolution
Termination
Force Majeure
Severability
Notices
Registration
Amendments
Entire Agreement
Governing Law
Costs
Tax Matters
Further Assurance
Assignment
Real Estate
Property Management
Legal Services
Financial Services
Construction
Property Development
Investment Management
Residential Housing
Commercial Property
Legal
Real Estate
Property Management
Asset Management
Investment
Corporate Services
Operations
Finance
Tax
Compliance
Risk Management
Document Management
Real Estate Lawyer
Property Manager
Legal Counsel
Real Estate Agent
Investment Manager
Property Developer
Notary
Tax Advisor
Real Estate Investment Consultant
Asset Manager
Property Administrator
Legal Administrator
Real Estate Portfolio Manager
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