Declaration of Trust (Tenants in Common)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useContract party
Relevant sectors
Type of legal document
‼️ Declaration of trustBusiness activity
Buy or sell a commercial propertyA declaration of trust is a legal document that outlines the ownership of property or assets. It can be used to protect the interests of multiple owners, or to clarify the ownership of property in the event of a dispute. A declaration of trust can also be used to appoint a trustee to manage property on behalf of the owners.
This document serves as a clear and legally binding record of the tenants' intentions and helps prevent potential disputes and misunderstandings. It provides a comprehensive framework, ensuring that the property is managed and owned in an organized and fair manner.
The Declaration of Trust typically contains essential details such as the names and respective ownership shares of each tenant, a detailed description of the property, rules for sharing responsibilities and expenses related to maintenance, repairs, and taxes, procedures for selling or transferring ownership, and provisions for dispute resolution.
Furthermore, the template may include provisions for important decisions related to the property, such as renovation or expansion projects, rental agreements, or mortgage arrangements. It can also address scenarios where one tenant wishes to sell their share or in the unfortunate event of a tenant's death or incapacitation.
Overall, the Declaration of Trust (Tenants in Common) is a fundamental legal document that provides clarity and peace of mind for joint property owners in the UK, ensuring that their respective rights and obligations are protected and enabling a harmonious co-ownership arrangement.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Click here to book your personalised demo now.
Similar legal templates
Standard B2B Contract For Transferrong Domain Name (Buyer Friendly)
Publisher
Genie AIJurisdiction
England and WalesSoftware Developer Contract
This Software Developer contract template is designed for a commercial software development organisation (or an individual software developer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of software development and software-development-related services to be completed by the software developer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the software development firm or individual software developer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesSoftware Test Engineer Contract
This Software Test Engineer contract template is designed for a commercial software testing organisation (or an individual software test engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of software testing and software-testing-related services to be completed by the software test engineer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the software testing firm or individual software test engineer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
