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Agreement between Tenants in Common with Bonus Legal Will Kit

Whenever two or more parties want to buy a home, commercial property or other piece of real estate together, a written Agreement Between Tenants in Common is crucial to protecting the interests of all the parties involved.

The terms Joint Tenancy and Tenants in Common can be confusing and they mean two very different things when it comes to property ownership. To learn the difference – see our article What’s the difference between tenants in common and Joint tenancy?

We also have other types of co-ownership / tenancy agreements like a Shared House Licence and Co-ownership of Aircraft or Marine Vessel.

You may be siblings buying a house together or just friends joining forces in a Joint Venture Property Development – whatever your reasons, the importance of clear documentation that sets out the terms under which the parties record their interest, cannot be under estimated.


To ensure that your Agreement is valid, you must clearly state your desire to enter into such a co-ownership.

Each party who buys a part of the property must agree to the terms, and the agreement must be in writing.

You will also need to ensure that the specific portions of ownership and responsibilities for upkeep and maintenance are spelled out.

In this kit we provide three separate agreement templates.

These Joint Tenancy Agreements set out the terms relating to the property purchase, its use, the ongoing obligations during ownership and the rights of each party should the property be sold.

They have been drafted to cover the most popular uses of jointly owned property:-

1. Jointly owned property which will be occupied by the co-owners of the property;

2. Jointly owned property where it is purchased as an investment property and will be rented to a third party;

3. Jointly owned property which will be occupied by one of the Co-owners but not the other.

Your professionally drafted, easy to use tenants in common agreements are available for immediate download. The documents come to you as a Microsoft Word templates that can be used as often as you like. Simply insert the correct information in the appropriate field and tab to the next. Now print your professional agreement!

Benefits of Agreement Between Tenants in Common Template kit

The Tenants in Common Agreement Template with easy to follow instructions includes the following provisions-

  • The parties
  • The property
  • Term
  • Ownership
  • Obligations of the parties
  • Property maintenance
  • Personal Property
  • Bank Accounts
  • Mortgage obligations
  • Use of the property
  • Insurances
  • Default
  • Transfer of Interest and Right of First Refusal
  • Sale Proceeds
  • Life Insurance
  • Notices
  • Disputes and Arbitration
  • Assignment
  • Amendments
  • Termination
  • Signatures

Sample Document Excerpt of the Tenants in Common Agreement

There are three different agreements in the Kit – we are showing a sample from each document.

Sample agreement between tenants in common height=

Sample TIC 4

tenants in common agreement sample investment

tenants in common cohabitation agreement sample

Sample TIC 2

Sample Tenants in common

Sample TIC 3

Your ready-to-use kit includes everything you need

  • 3 Professionally drafted Tenants in Common Agreements
  • Comprehensive User’s Guide
  • Bonus legal Will Kit
  • Friendly customer support
  • Optional Document Review Service.

Our fully secured ecommerce system allows you to purchase and download your Agreement between Tenants in Common safely. In just a few minutes you can have everything you need to protect the interests of all the parties involved.

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Australian Law

Our Agreements are drafted to comply with Australian Law

Professionally Drafted

The agreements are professionally drafted by Australian Law Experts

Instant Download

No Need to Wait. Download the Agreements Instantly

Easy to use

Plain English - No Legalese. Your Agreement is easy to use, edit and understand