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| Fractional sharing agreements |
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There are many legal and practical issues to be addressed in a fractional sharing agreement (including Trust Deed) for joint ownership, fractional rental or any other sharing arrangement. To help you we have created template sharing agreements contracts with internet legal document provider Net Lawman. Templates for sharing property, aircraft, cars, motorbikes, mobile homes, motor homes touring caravans, horses and boats are already available. |
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Discuss in detail with your potential sharer(s) how you intend the sharing agreement to work . The template agreements we provide will give you ideas. You need to weigh up the personality of the person with whom you are proposing to share. If the relationship does not seem right, then walk away from the sharing agreement immediately: intuition is usually accurate. Every situation is unique and the issues raised below are the some of the most common issues to arise but we cannot possibly cover every aspect of every sharing arrangment, with every type of asset in every country. You must ensure that you have agreed and documented everything to your satisfaction, and taken professional legal and financial advice where appropriate.. If you lose money as a result of attempting to set up or entering into a sharing agreement or syndicate, yours2share has no liability for your costs. yours2share is simply the "matchmaker". The information on this page, and the whole of the yours2share website, is based upon the laws in England and Wales only. However the law in Scotland and Northern Ireland is similar. The laws on joint ownership and renting, both of property (buildings and land) and possessions (chattels or personal property) vary greatly from country to country. You need to get independent professional advice on both legal and financial aspects specific to that country. Make sure that there is a legal and financial framework for the sharing agreement you are contemplating that protects you properly. For professional advice about fractional ownership property in the UK or overseas, yours2share has arranged a special price with industry leader Best Group for an initial consultation. For further information, please contact us. |
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| Version 1.5 November 2008 |
