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Continuing Legal Education BASF T H E B A R A S S O C I AT I O N O F S A N F R A N C I S C O The Real Property Section presents Creating and Advising TenanciesinCommon and Ownership Arrangements Speakers

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How to fill out creating and advising tenancies-incommon

01

Step 1: Gather all necessary information about the property and the co-tenants involved in the tenancy-in-common.

02

Step 2: Draft a tenancy-in-common agreement that clearly outlines the ownership share of each co-tenant, their respective responsibilities, and any other relevant terms and conditions.

03

Step 3: Consult with a real estate attorney to review and finalize the tenancy-in-common agreement, ensuring it complies with local laws and regulations.

04

Step 4: Once the agreement is finalized, each co-tenant should sign it to acknowledge their acceptance of the terms.

05

Step 5: Register the tenancy-in-common agreement with the appropriate local authority, if required.

06

Step 6: Keep a copy of the signed agreement for future reference and legal purposes.

Who needs creating and advising tenancies-incommon?

01

Individuals or groups of people who want to jointly own a property without the need for joint tenancy or condominium ownership.

02

Business partners who wish to invest in real estate while maintaining separate ownership shares.

03

Family members or friends who want to own a property together while having the ability to sell or transfer their shares independently.

04

Investors who want to diversify their real estate portfolio by co-owning different properties with other investors.

05

Co-owners who want to have flexibility in managing their property, including potentially renting out their share or making individual renovations.

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