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What Is Co-Ownership?

Co-ownership is where two or more people share the cost of buying a property, including the deposit, establishing and repaying the loan and the ongoing costs such as rates and insurance.

The most common way for multiple owners to set up a co-ownership of property is through a Rosendorff Lawyers Co-Ownership Agreement where each individual has a share in the property that they can sell or will to whoever they choose.

By using a Rosendorff Lawyers Co-Ownership Agreement with a tenants in common agreement partners can make and specify exact rules. Co-ownership agreements can cover many different types of relationships, including groups of friends, family members and de facto partners.

 
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Rosendorff Lawyers, Level 3, 10 Queens Road, Melbourne, Victoria 3004. Tel No: (61 3) 8320 2955