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Co-ownership Agreement (Tenants in Common)
NextGen Docs form ND-1207. Search ND-1207 on docs.ngz.ca to make this document again.
For friends, siblings or family who buy a home together: each owner's share, who pays what, who lives there, selling, buy-outs and what happens on death.
Start this document $2.99 or in the monthly planHow it works
What you will fill in
- Does any of these apply to you?
- Which province is the property in?
- Names of all co-owners and their shares
- Property address
- What did each owner put in for the down payment?
- How are the mortgage and costs shared?
- Who lives there, and does anyone pay rent to the others?
- How is the price set if one owner buys out another?
- Years before anyone can force a sale
- Date of this document
Good to know
- Register title as tenants in common with each share written on the transfer (in Ontario, on the electronic transfer by your lawyer). Joint tenants pass their share to the survivors, which may not be what you want.
- Each owner should make a will that deals with their share, and consider life insurance so the others can buy it out.
- In Ontario, the Partition Act lets a co-owner ask a court to sell the property, but courts usually respect a signed agreement not to do so for a set time.
Help in your language
Every question comes with help like this. For example, “Does any of these apply to you?”:
English: These raise extra legal or tax issues (for example family law rights to a matrimonial home, or non-resident tax rules). We still build your agreement.
اردو: کیا ان میں سے کوئی بات ہے؟
ਪੰਜਾਬੀ: ਕੀ ਇਹਨਾਂ ਵਿੱਚੋਂ ਕੋਈ ਗੱਲ ਹੈ?
हिन्दी: क्या इनमें से कोई बात है?
Français: Ces situations soulèvent d'autres questions juridiques ou fiscales. Nous préparons quand même votre entente.
Questions people ask
How much does the Co-ownership Agreement cost?
It is free to fill in and preview. To download it, buy just this one for $2.99 or use a plan (Monthly $9.99, or Yearly $79); new accounts get 7 days free with no card needed.
Can I fill in the Co-ownership Agreement in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.