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Tenancy In Common Agreement
"Need a Tenancy In Common Agreement for a three-party purchase of a commercial property in Singapore's CBD area, with unequal ownership shares of 50%, 30%, and 20%, to be effective from March 2025."
1. Parties: Identifies and defines all co-owners entering into the agreement
2. Background: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Property Details: Describes the property and ownership shares
5. Rights and Obligations: Details the rights and responsibilities of each co-owner
6. Financial Obligations: Outlines cost sharing and expense management
7. Decision Making: Establishes processes for joint decisions
8. Dispute Resolution: Sets out procedures for resolving disagreements
9. Term and Termination: Defines duration and termination conditions
1. Property Management: Details management structure if property is professionally managed - use for larger properties or multiple units
2. Rental Income: Provisions for handling rental income - use if property is or may be rented out
3. Insurance: Insurance requirements and cost sharing - use when specific insurance arrangements are needed
4. Death or Incapacity: Succession planning provisions - use when specifically requested by parties
1. Property Description Schedule: Detailed property description including title details
2. Ownership Schedule: Detailed breakdown of ownership shares
3. Cost Allocation Schedule: Breakdown of cost sharing arrangements
4. Property Rules: Specific rules for property use and maintenance
5. Property Title Documents: Copies of relevant title documents
Authors
Applicable Laws
Business Day
Common Areas
Common Expenses
Commencement Date
Co-owner
Effective Date
Encumbrance
Force Majeure
Governing Law
Interest Rate
Maintenance Charges
Management Committee
Notice
Ownership Share
Parties
Property
Property Manager
Property Tax
Proportionate Share
Reserved Matters
Service Charges
Singapore Dollar
Term
Transfer
Utilities
Ownership Shares
Rights and Obligations
Property Usage
Decision Making
Financial Contributions
Maintenance and Repairs
Insurance
Property Management
Transfer Restrictions
Right of First Refusal
Sale of Property
Mortgages and Charges
Death or Incapacity
Dispute Resolution
Force Majeure
Notices
Termination
Severability
Governing Law
Assignment
Entire Agreement
Amendments
Costs and Expenses
Waiver
Further Assurance
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