If two or more people buy a property together, they may want to buy as joint tenants. This declaration of confidence for tenants in common covers the contribution of each person and therefore the shares of the property they own. A trust instrument can also record contributions to mortgages and maintenance. Establishing this statement of trust when buying is important when the property is sold, as it ensures that each owner receives a fair share of what they put into the property. If other people, apart from the owners, have contributed to the purchase price, you can consult our declaration of confidence with economic interest. A lease agreement aims to protect the interests of both parties while ensuring that the property is preserved and maintained. Destination obligations keep the tenant in a comfortable home during the lease and the landlord receives a well-maintained home after the contract is terminated. If there is no such wording in the title registration document, you are almost certainly a co-tenant. In a joint rental agreement, all owners have the same right to own the entire property; This does not mean that everything is always the same. You may own 70% of the property while your partner owns 30% – each of you can use the entire property, but if you have agreed to sell the property or your part, you would be entitled to most of the proceeds. Even if you are not interested in selling the property in the near future, it is still important to have your written consent.
If there is ever a disagreement between you and your partner, have everything written down in advance, not to mention the fact that all real estate transactions must be done in writing to be legally binding. All these details can be important and you can link them in writing to a tenant in a joint agreement. The document of registration of the title indicates the names of the persons to whom the property belongs and, if you are already a common tenant, there will also be a text similar to the following: „No disposition of an individual entrepreneur of the registered estate (with the exception of a trust company) under which the capital money is constituted must be registered, unless it has been authorized by a court order.“ . . .