Property Sharing Agreement

Record a legal agreement when buying property with friends or family, and have clarity for the future.

 

Property Sharing Agreement

Record a legal agreement when buying property with friends or family, and have clarity for the future.

 

 

Buying a house with friends, family or others? Property Sharing Agreements (also known as shared ownership agreements) are highly recommended, to formalise the arrangement and set out everybody’s rights and obligations clearly.

Create your Property Sharing Agreement online today with Agreeable.

How it works →

About the agreement →

Frequently asked questions →

Get started →

Deed of gift quick facts

Buying a house with friends, family, or others? Property Sharing Agreements (also known as shared ownership agreements) are highly recommended, to formalise the arrangement and set out everybody’s rights and obligations clearly.

Create your Property Sharing Agreement online today with Agreeable.

How it works →

About the agreement →

Frequently asked questions →

Get started →

Cover of a relationship property agreement
A list of quick facts about Agreeable's relationship property agreement.

How it works

 

Purchase the agreement

Pay only $199 and gain access to our questionnaire, which creates a document you can edit to fit your circumstances.

Purchase your agreement

 

 

 Work through the agreement 

Complete the questionnaire and you’ll be emailed your agreement as a Word document. The Agreeable team will help to ensure that it covers all the necessary points.

 

 

 

 Get professional legal advice

Optional: we can arrange a lawyer to assist and advise you on the implications of your agreement. Our fixed price system ensures no financial surprises and makes the process fast and effective.

Enquire now →

Find out more by downloading our Quick Guide on creating a Property Sharing Agreement.

A guide for a relationship property or prenup agreement

Find out more by downloading our Quick Guide on creating a Property Sharing Agreement.

A guide for a relationship property or prenup agreement

1. Purchase the agreement

Pay only $199 for a bespoke agreement you can edit to fit your circumstances. You’ll then get access to a short interview, and your answers will fill the document out.
 
Click the button below to sign up to our online platform, where you can purchase your agreement and complete the online questionnaire:
 

Sign Up To Purchase

Check what information you'll need on hand to complete the agreement.
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Information checklist

1. Address of the property that the parties intend to purchase.

2. Details of the parties who are buying the property.

3. Purchase price of the property.

4. Total initial cash contribution (i.e deposit) towards the purchase price.

5. Each party’s percentage share (and dollar amount towards) the initial cash contribution.

6. Purpose for purchasing the property.

7. How the parties plan to pay for outgoings, mortgage payments (the questionnaire will give you ideas).

8. How maintenance and repairs will be decided (the questionnaire will give you ideas).

9. Whether the parties intend to seek independent legal advice on the implications of the agreement.

10. Who the mortgagee is (the bank lending to the parties).

11. Whether the parties want a right of first refusal option.

 

Check what information you'll need on hand to complete the agreement.
M

Information checklist

  1. Address of the property that the parties intend to purchase.
  2. Details of the parties who are buying the property.
  3. Purchase price of the property.
  4. Total initial cash contribution (i.e deposit) towards the purchase price.
  5. Each party’s percentage share (and dollar amount towards) the initial cash contribution.
  6. Purpose for purchasing the property.
  7. How the parties plan to pay for outgoings, mortgage payments (the questionnaire will give you ideas).
  8. How maintenance and repairs will be decided (the questionnaire will give you ideas).
  9. Whether the parties intend to seek independent legal advice on the implications of the agreement.
  10. Who the mortgagee is (the bank lending to the parties).
  11. Whether the parties want a right of first refusal option.

2. Work through the agreement

Complete the questionnaire and you’ll be emailed your agreement as a Word document. The Agreeable team can help to ensure that it covers all the necessary points.

3. Get professional legal advice

Optional: we can arrange a lawyer to assist and advise you on the implications of your agreement. Our fixed price system ensures no financial surprises and makes the process fast and effective. Enquire now for a fixed fee quote.

If you have any questions, please email us or call us on 0800 9 AGREE

Who’s using Agreeable?

Neither my ex-partner nor I wanted to go through the process of paying lawyers to create an agreement when we had already decided how to split our assets. The Agreeable process was an easy way to do it ourselves, while still complying with the law and creating a binding agreement.

Cameron and Kate

The clear guide to the process, the flat fee and the fact that we could do the whole process from home convinced me to go ahead with arranging this RPA through your service. I would just like to say that I found the whole process – in particular the website, the form to create/send the draft agreement and the responsiveness to emails from yourself and your team - incredibly slick, efficient and a pleasure to “navigate”. I’m not usually one to give feedback, but I said to myself several times through the process that I must give you all some feedback as the experience was so good, and I would definitely recommend your service to others.

Tom

Juanita and Jodi were in a relationship that was getting serious. They met in 2016 and moved in together in 2017. They were thinking of getting married. Each of them wanted to keep their own assets and income that they were bringing to the relationship separate. They found Agreeable online and bought the relationship property agreement. They drafted it themselves (with help from the online document builder) and then used Agreeable to arrange for independent experts to give each of them advice. Once that had happened, each of them signed the agreement and the lawyers certified it. The agreement enabled them to be confident of how their assets will be dealt with in the event of them separating. All of that happened online and cost them about $1900 in total.

Who’s using Agreeable?

Juanita and Jodi were in a relationship that was getting serious. They met in 2016 and moved in together in 2017. They were thinking of getting married. Each of them wanted to keep their own assets and income that they were bringing to the relationship separate. They found Agreeable online and bought the relationship property agreement. They drafted it themselves (with help from the online document builder) and then used Agreeable to arrange for independent experts to give each of them advice. Once that had happened, each of them signed the agreement and the lawyers certified it. The agreement enabled them to be confident of how their assets will be dealt with in the event of them separating. All of that happened online and cost them about $1900 in total.

Property Sharing Agreements

What is a property sharing agreement?

A property sharing agreement is a document that sets out the rights and obligations of the co-owners, where a group of people are purchasing a property together. Property sharing agreements typically include information such as what share of the property each co-owner has, how outgoings are paid, and what happens if one of the co-owners wants to sell, as well as several other key aspects of the arrangement. Formalising these decisions with an agreement could help to avoid costly disputes in the future. Click here for a more in-depth article on Property Sharing Agreements.

 

How do I make a valid property sharing agreement?

All you have to do is agree as a group on the terms to put in the agreement, write it down in a clear format, and have everyone sign it. However, writing your own agreement can lead to key information being written unclearly or left out, which may result in disputes as a group. That is why your best option is Agreeable, where our automated software asks you the key questions, and generates the agreement for you. Then, our team can help you fix it up to be ready to sign.

Do I need legal advice with my property sharing agreement?

We recommend that each party to the property sharing agreement seeks their own independent legal advice prior to signing. This will clarify all the implications of the agreement, and have everyone properly informed as to what the agreement does. However, unlike relationship property and separation agreements, there is no statutory requirement to obtain legal advice and have your signature witness by a lawyer, in order to make the document legally binding.

What are the benefits of a property sharing agreement?

The main benefit of a property sharing agreement is certainty. A property sharing agreement clearly outlines the rights and obligations of all co-owners in the arrangement. Buying a house with multiple people can be messy, and creating a property sharing agreement can help to reduce the overall stress and uncertainty of the situation. That’s why they are often a requirement by the bank when lending to multiple parties co-owning a property together.

 

What are the downsides of shared ownership?

There are some factors to consider before committing to purchasing a property with other people. One downside of sharing ownership with others is that it complicates an already complicated process (purchasing a property). Make sure that you are aware of the implications of the agreement before signing. Also, sharing a property with others puts “high stakes” on the relationships, even where a property sharing agreement is signed. Make sure that the agreement is well-considered and clarifies all the relevant expectations of the parties.

 

We look forward to working with you!

If you’re ready to get started, click here! Alternatively, if you have any questions about how the process works, or, you are unsure about anything, feel free to give us a call on 0800 9 AGREE or email us at info@agreeable.co.nz. We’re more than happy to speak with you regarding any concerns you may have!