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1. Parties: Identification of all parties involved in the joint purchase, including legal names and addresses
2. Background: Context of the agreement and basic information about the property being purchased
3. Definitions: Key terms used throughout the agreement
4. Property Details: Legal description and details of the property being purchased
5. Purchase Price and Payment Terms: Total purchase price and how it will be paid, including each party's contribution
6. Ownership Structure: Details of how the property will be owned (joint tenancy/tenancy in common)
7. Rights and Obligations: Ongoing responsibilities of each party regarding the property
1. Mortgage Arrangements: Details of joint mortgage arrangements including responsibilities for payments and liability allocation
2. Property Management: Management structure and responsibilities for rental or investment properties
3. Exit Strategy: Procedures and terms for selling interest or complete property disposition
4. Death/Incapacity Provisions: Procedures and succession planning in case of death or incapacity of a party
1. Property Description Schedule: Detailed legal description of the property including boundaries and specifications
2. Financial Contribution Schedule: Detailed breakdown of each party's financial contributions and payment obligations
3. Maintenance Schedule: Comprehensive breakdown of maintenance responsibilities and cost-sharing arrangements
4. Property Inspection Report: Detailed report of property inspection findings and condition assessment
5. Title Documents: Copies of relevant title documents and certificates of ownership
Closing Date
Closing Costs
Co-Owners
Deed
Effective Date
Encumbrances
Joint Ownership Share
Lender
Mortgage
Net Proceeds
Operating Expenses
Ownership Interest
Parties
Property
Property Manager
Purchase Price
Real Estate Taxes
Right of First Refusal
Sale
Security Deposit
Seller
Title
Title Company
Transfer
Utilities
Ownership Structure
Title and Conveyance
Due Diligence
Representations and Warranties
Property Management
Operating Expenses
Maintenance and Repairs
Insurance
Property Taxes
Decision Making
Transfer Restrictions
Right of First Refusal
Buy-Sell Provisions
Default and Remedies
Death or Incapacity
Dispute Resolution
Property Use
Mortgage and Financing
Sale of Property
Distribution of Proceeds
Indemnification
Amendment and Modification
Severability
Governing Law
Notices
Force Majeure
Entire Agreement
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