Joint Ownership Agreement Template for Hong Kong

1. Property Usage Schedule: For properties with shared usage, details of how and when each owner can use the property

2. Income Distribution: Required if the property generates rental or other income

3. Insurance Requirements: Detailed insurance obligations when property requires specific coverage

4. Property Manager: When a third-party manager will be appointed to manage the property

5. Death or Incapacity: Specific provisions for succession in case of death or incapacity of a co-owner

6. Mortgage Provisions: Required if the property is or will be mortgaged

7. Business Use Provisions: When the property will be used for business purposes

8. Development Rights: For properties with potential for development or major modifications

1. Schedule 1: Property Description: Detailed legal description of the property including title details

2. Schedule 2: Ownership Proportions: Detailed breakdown of ownership shares and contributions

3. Schedule 3: Financial Obligations: Detailed breakdown of ongoing financial responsibilities

4. Schedule 4: Management Procedures: Detailed procedures for property management and decision-making

5. Appendix A: Property Plans: Floor plans, land surveys, or other property diagrams

6. Appendix B: Maintenance Schedule: Regular maintenance requirements and schedules

7. Appendix C: Valuation Report: Initial property valuation for reference

8. Appendix D: Usage Rules: Detailed rules for property usage and conduct