Home Ownership Agreement

HOME OWNERSHIP AGREEMENT

This Home Ownership Agreement (the Agreement) is entered into effective as of by and between the parties set forth below.

Parties

Recitals

WHEREAS, Owner A and Owner B desire to acquire, hold, and govern their respective ownership interests in certain residential real property identified below under the terms and conditions set forth in this Agreement;

WHEREAS, the parties intend to set forth their respective ownership percentages, contributions, obligations for payment, maintenance responsibilities, and procedures for transfer or termination to avoid future disputes;

WHEREAS, the parties agree that this Agreement shall govern their relationship with respect to the Property and any improvements thereon until the termination or modification of this Agreement in accordance with its terms.

Property

Ownership Allocation and Representations

The parties acknowledge and agree that the ownership interest in the Property shall be held as follows:

Each party represents and warrants that they have the legal capacity to enter into this Agreement, that any amounts they contribute are not subject to third‑party encumbrances other than those disclosed in writing to the other party, and that the information provided in this Agreement is true and complete to the best of their knowledge.

Scope of Work, Use and Maintenance

Routine maintenance, repairs under $ shall be shared in proportion to ownership percentage. Major capital improvements require written consent of both parties prior to commencement.

Payment Terms

Purchase price for acquisition of the Property (if applicable): $ . Down payment: $ .

Regular periodic payment attributable to Owner A: $ ; Owner B: $ .

Late payment fee: the party failing to timely remit required contributions shall pay the greater of (a) $ or (b) percent of the overdue amount, calculated from the date payment was due until paid in full.

Term and Termination

This Agreement commences on the Start Date of and continues until the earlier of the End Date of or termination in accordance with this section.

Either party may terminate this Agreement upon written notice to the other party given at least days prior to the effective date of termination. Upon termination, the parties shall cooperate to effect an orderly transfer or sale of the Property consistent with ownership percentages and in compliance with any applicable liens or encumbrances.

Confidentiality

Each party acknowledges that financial information, loan terms, personal contact information, and other non‑public data exchanged under this Agreement is confidential. Except as required by law or as necessary to enforce this Agreement, no party shall disclose confidential information to any third party without the prior written consent of the other party. This obligation survives termination of the Agreement for a period of three (3) years.

Default and Remedies

In the event of a material default by a party (including but not limited to failure to make required payments or unauthorized transfer of interest), the non‑defaulting party may provide written notice of default and a thirty (30) day opportunity to cure. If the default is not cured within the cure period, the non‑defaulting party may pursue all remedies available at law or equity, including specific performance, partition, or monetary damages.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of law principles.

Entire Agreement; Amendment

This Agreement, including any attachments or schedules executed by the parties, constitutes the entire agreement between the parties with respect to the Property and supersedes all prior oral or written agreements. Any amendment or modification must be in writing and signed by both parties.

Notices

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth in the Parties section or to such other address as a party may designate in writing. Notice shall be effective upon receipt.

Severability

If any provision of this Agreement is held invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect to the maximum extent permitted by law.

Execution

The parties acknowledge that they have read, understand, and agree to be bound by the terms of this Agreement. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together constitute one and the same instrument.

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