Co Ownership Agreement for Singapore

Co Ownership Agreement Template for Singapore

A Co-Ownership Agreement under Singapore law is a legally binding document that establishes the rights, responsibilities, and obligations of multiple parties who jointly own a property. It governs aspects such as ownership shares, financial contributions, property management, decision-making processes, and dispute resolution mechanisms. The agreement must comply with Singapore's property laws, including the Land Titles Act and Property Law Act, and may need to address specific requirements for foreign ownership under the Residential Property Act.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Singapore-compliant Co Ownership Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Co Ownership Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Co Ownership Agreement?

The Co-Ownership Agreement is essential when two or more parties wish to purchase and own property together in Singapore. This document becomes particularly important as it clearly defines each owner's rights, financial obligations, and responsibilities, helping prevent future disputes. It must align with Singapore's property laws and regulations, including foreign ownership restrictions where applicable. The agreement typically covers ownership structure, financial contributions, property management, decision-making processes, dispute resolution, and exit strategies. It's particularly relevant in today's property market where co-ownership arrangements are becoming increasingly common for both residential and commercial properties.

What sections should be included in a Co Ownership Agreement?

1. Parties: Identifies and details all co-owners with their full legal names and addresses

2. Background: Explains the context and purpose of the co-ownership arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Ownership Structure: Specifies ownership shares and type of ownership (joint tenancy or tenancy in common)

5. Management and Decision Making: Outlines how decisions regarding the property will be made

6. Financial Obligations: Details cost sharing arrangements and payment responsibilities

7. Duration and Termination: Specifies agreement term and conditions for termination

What sections are optional to include in a Co Ownership Agreement?

1. Foreign Ownership Provisions: Required when any co-owner is not a Singapore citizen, addressing compliance with Residential Property Act restrictions

2. Mortgage Arrangements: Details regarding shared mortgage responsibilities and obligations between co-owners

3. Rental Income Distribution: Procedures for handling and distributing rental income between co-owners

4. Business Use Provisions: Rules and restrictions regarding commercial use of the property

What schedules should be included in a Co Ownership Agreement?

1. Property Details Schedule: Detailed description of the property including title details, location, and specifications

2. Financial Contributions Schedule: Record of initial and ongoing financial contributions by each party

3. Maintenance Schedule: Details of maintenance responsibilities and procedures for the property

4. Property Rules and Regulations: Specific rules governing use and management of the property

5. Exit Mechanism Procedures: Detailed procedures for selling shares or entire property, including first right of refusal

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Investment
Hospitality
Retail

Relevant Teams

Legal
Real Estate
Finance
Operations
Asset Management

Relevant Roles

Property Manager
Real Estate Director
Legal Counsel
Investment Manager
Asset Manager

Industries

Land Titles Act (Chapter 157): Primary legislation governing registered land in Singapore, dealing with the registration of titles and transactions affecting land

Civil Law Act (Chapter 43): Fundamental legislation governing civil law matters in Singapore, including contract law principles applicable to co-ownership agreements

Property Law Act (Chapter 242): Legislation governing property rights and interests in Singapore, including provisions relevant to co-ownership arrangements

Conveyancing and Law of Property Act (Chapter 61): Regulates the conveyancing of property and related matters, including provisions affecting co-ownership transfers and rights

Residential Property Act (Chapter 274): Controls residential property ownership, particularly restrictions on foreign ownership of residential property in Singapore

Housing and Development Act (Chapter 129): Governs public housing (HDB) properties, including ownership and transfer restrictions for HDB properties

Executive Condominium Housing Scheme Act: Specific legislation governing Executive Condominiums, including ownership and eligibility requirements

Moneylenders Act (Chapter 188): Regulates moneylending activities, relevant for financing arrangements in co-ownership situations

Banking Act (Chapter 19): Governs banking institutions and their activities, including property financing regulations

Arbitration Act (Chapter 10): Framework for arbitration proceedings in Singapore, relevant for dispute resolution clauses in co-ownership agreements

Mediation Act 2017: Provides framework for mediation proceedings and enforceability of mediated settlements

Contract Law: Common law principles governing formation and enforcement of contracts, essential for co-ownership agreements

Trust Law: Principles governing resulting and constructive trusts, particularly relevant in co-ownership situations where legal and beneficial ownership may differ

Joint Tenancy and Tenancy in Common Rules: Legal principles governing different forms of co-ownership, including rights of survivorship and division of shares

Stamp Duties Regulations: Rules governing Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD) applicable to property transactions

Find the exact document you need

No matches found.

Web Design Contract

A Singapore-law governed agreement defining terms and conditions for website design services, including scope, deliverables, and rights.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Co Ownership Agreement?

What sections should be included in a Co Ownership Agreement?

What sections are optional to include in a Co Ownership Agreement?

What schedules should be included in a Co Ownership Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Web Design Contract

Written Agreement

Terms Of Employment Contract

Terms And Conditions For Rental Agreement

Simple Contract

Simple Agreement

Side Agreement

Rental Agreement Month To Month

Mutual Agreement Between Two Parties

Legally Binding Agreement

Incorporation Agreement

Formal Agreement

Boilerplate Agreement

Amended Contract

Tooling Agreement

Service Agreement Terms And Conditions

Representation Agreement

Provisional Agreement

Preliminary Agreement

Land Agreement Between Two Parties

Common Terms Agreement

Buyer Agency Agreement

Subordination Agreement Mortgage

Statement Of Agreement

Work Contract Between Two Companies

Preliminary Contract

Employee Accommodation Agreement

Contractual Agreement

Labour Contract Agreement For Construction Of House

Partnership Agreement

Business Cooperation Agreement

Lodger Agreement

Training Agreement Between Company And Employee

Head Of Terms Agreement

Business Contract

Dispute Resolution Agreement

Bike Sale Agreement

Umbrella Agreement

Share Purchase Agreement

Rent To Own Agreement Form

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free