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Equity sharing is another name for shared ownership or co-ownership. It takes one property, more than one owner, and blends them to maximize profit and tax deductions.

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What is assignment of perpetual use

An assignment of perpetual use is a legal document that grants an individual or entity the permanent right to use a property or resource without transferring ownership.

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Who needs assignment of perpetual use?

Explore how professionals across industries use pdfFiller.

Assignment of perpetual use is needed by:

Property developers seeking to utilize land efficiently.
Businesses needing long-term use of facilities.
Non-profit organizations wanting to secure resources for community projects.
Individuals accessing shared resources for extended periods.

How to fill out the assignment of perpetual use

1.

Begin by obtaining a blank assignment of perpetual use form from pdfFiller.
2.

Open the document in pdfFiller's editor.
3.

In the 'Grantor' section, enter the full name and contact details of the current owner of the property.
4.

In the 'Grantee' section, provide the name and contact information of the individual or entity receiving the perpetual use rights.
5.

Clearly define the property or resource being assigned in the designated description area.
6.

Specify any conditions or limitations related to the use of the property in the relevant section.
7.

Include the date of the agreement in the designated field.
8.

Ensure both parties sign and date the document, ideally in the presence of a witness or notary for legality.
9.

Review all filled information for accuracy and completeness.
10.

Finally, save the completed document and consider retaining a copy for your records.