Tenancy In Common

State:
Colorado
Control #:
CO-028LRS
Format:
Word; 
Rich Text
Instant download

Description Tenants In Common Agreement

A Tenants in Common Agreement allows for multiple people to share interest in real property while retaining a lot of the freedoms that can be restricted in a joint tenancy. If you co-own a property as tenants in common, each co-owner owns a specific share of the property.
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How to fill out Sample Tenant In Common Agreement?

1. Title of the Agreement: Colorado Tenancy in Common Agreement

2. Parties: Include the names and addresses of all parties involved in the tenancy in common agreement.

3. Property Description: Provide a detailed description of the property being held in a tenancy in common, including the address and legal description.

4. Percentage Interest: Specify the percentage interest that each party holds in the property.

5. Responsibilities: Outline the responsibilities of each party, such as sharing expenses, maintaining the property, and making decisions regarding the property.

6. Dispute Resolution: Include a clause detailing how disputes between the parties will be resolved, such as through mediation or arbitration.

7. Signatures: All parties must sign and date the agreement to make it legally binding.

It is possible to fill out the Colorado Tenancy in Common Agreement form online. Users can find up-to-date, lawyer-approved, state-specific form templates on US Legal Forms. These forms can be completed or downloaded in Word, PDF, and RTF formats. To access the forms on US Legal Forms, users must register and buy a Basic or Premium subscription on a monthly or annual basis.

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Tenancy In Common