Mou For Property Sharing Template for New Zealand

1. Insurance Requirements: Specific insurance obligations when parties agree to maintain particular coverage

2. Subletting Rights: Include when parties may want the ability to sublet their share

3. Exit Mechanism: Include when parties want specific provisions for selling their share or leaving the arrangement

4. Property Improvements: Include when parties anticipate making modifications to the property

5. Special Use Provisions: Include when the property has specific uses (e.g., commercial activities) that need regulation

6. Third Party Access: Include when non-parties may need access rights to the property

7. Environmental Responsibilities: Include when the property requires specific environmental management

1. Schedule 1 - Property Description: Detailed description of the property including title details, boundaries, and included fixtures

2. Schedule 2 - Cost Allocation: Detailed breakdown of shared costs and payment responsibilities

3. Schedule 3 - Usage Schedule: Specific timings or zones for shared usage if applicable

4. Schedule 4 - Maintenance Schedule: Regular maintenance requirements and responsibilities

5. Appendix A - Property Plans: Floor plans, property drawings, or maps

6. Appendix B - Condition Report: Initial condition report of the property

7. Appendix C - Contact Details: Detailed contact information for all parties and key service providers