Australia Tenants in Common Agreement for Investment Property

Before you co-purchase that holiday or investment property with friends or family members, draw up a Tenants in Common Agreement with this easy-to-use template for Australia.

The Agreement can be used for time shares, holiday homes, or revenue properties. Provisions of the Agreement include:

• the proportion of the property owned by each co-owner;
• the time period during which each co-owner will have exclusive use of the property;
• responsibility of each co-owner for property maintenance;
• appointment of a management and letting agent;
• rental of the property;
• insurance, common costs, and utilities;
• additional capital injections;
• sale of property with and without pre-emption rights;
• mortgage or encumbrance of the property;
• market valuation;
• power of attorney;
• dispute resolution.

This Australia Tenants in Common Agreement template is to be signed as a deed and registered at the Land Title Office.