Co-Ownership Agreement Drafting

Purchasing property jointly - with a spouse, a business partner, a family member, or a group of investors - is common in the UAE's active property market. What is far less common, and far more consequential in its absence, is properly and clearly documenting the terms of that co-ownership arrangement from the outset.

What happens if one co-owner wants to sell and the other does not? How are maintenance costs shared? What happens on the death of one owner? What if contributions to the purchase price were unequal? A co-ownership agreement answers all of these questions in advance - clearly, legally, and in a way that is enforceable. It is a document most people hope they will never need to rely on. Those who have needed it and did not have it will tell you exactly how important it is.